CBSE (Arts) Class 12CBSE
Share
Notifications

View all notifications

Giving Reason Explain How Should the Following Be Treated in Estimating Gross Domestic Product at Market Price? Interest Paid by an Individual on a Car Loan Taken from a Bank. - CBSE (Arts) Class 12 - Economics

Login
Create free account


      Forgot password?

Question

Giving reason explain how should the following be treated in estimating gross domestic product at market price?

Interest paid by an individual on a car loan taken from a bank.

Solution

Interest paid by an individual on a car loan taken from a bank is not included in the estimation of the gross domestic product at market price because the car loan was taken only for consumption purpose.

  Is there an error in this question or solution?
Solution Giving Reason Explain How Should the Following Be Treated in Estimating Gross Domestic Product at Market Price? Interest Paid by an Individual on a Car Loan Taken from a Bank. Concept: Gross and Net Domestic Product (GDP and NDP).
S
View in app×