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Supply of Labour

National prod...

Question

National product is not affected by which of the following?

A

Sale of a second hand automobile by A to B.

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B

Sale of a new car by an automobile retail seller.

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C

Sale of a new car by an automobile company.

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D

Sale of a new car on hire purchase.

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Solution

The correct option is A Sale of a second hand automobile by A to B.
National product is the total production of goods and services within an economy for a specific time. Out of all the given options, when a second hand automobile is sold, it already counted in the production process or when it was sold for the first time. The reselling will not be considered as new product and hence will not affect the national product.

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