Giving Reason Explain How Should the Following Be Treated in Estimating Gross Domestic Product at Market Price? Expenditure on Purchasing a Car for Use by a Firm. - Economics
Giving reason explain how should the following be treated in estimating gross domestic product at market price?
Expenditure on purchasing a car for use by a firm.
Expenditure on purchasing a car for use by a firm is included in the estimation of the gross domestic product at market price because the purchased car is the final investment expenditure of the firm.
Concept: Gross and Net Domestic Product (GDP and NDP)
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