|Which among the following will be included while measuring GDP of the country?|
|1. Second hand Car|
|2. Production of tyres for the Car.|
|3. Production of Cloth.|
|Which of these statements is/are correct?|
A) Only 1 and 2
B) Only 1 and 2
C) Only 2 and 3
D) All 1, 2 and 3
Correct Answer: C
Solution :[c] Second hand sales are excluded because no production is involved except for the sales service. For instance, goods sold in a consignment shop would not be part of the GDP, but the services provided by the consignment shop would be included.
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