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Solution - Gross and Net Domestic Product (GDP and NDP)

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Question

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

i. Fees to a mechanic paid by a firm.
ii. Interest paid by an individual on a car loan taken from a bank.
iii. Expenditure on purchasing a car for use by a firm.

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Appears in these question papers

Solution for concept: Gross and Net Domestic Product (GDP and NDP). For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
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