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How Should the Following Be Treated While Estimating National Income? You Must Give Reason in Support of Your Answer. Purchase of Taxi by a Taxi Driver. - Economics

How should the following be treated while estimating national income? You must give the reason in support of your answer.

Purchase of taxi by a taxi driver.

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Solution

Purchase of a taxi by a taxi driver will be included in the estimation of national income because the purchase of new taxis is considered an investment by the driver.

Concept: Concept of National Income
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