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Question
National product is not affected by which of the following?
National product is not affected by which of the following?
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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.
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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