The sale of car results in __________.
increase in GDP
When a car is sold, it contributes to the Gross Domestic Product (GDP) of the country. This is because GDP measures the total value of goods and services produced within a country, and the sale of a car is included in this calculation. A car sale increases economic activity, leading to a rise in GDP. Therefore, the correct answer is "increase in GDP."
Important Questions from Economy
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their:
