| 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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