Question
The sale of car results in __________.
The correct answer is
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."
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Important Questions from Economy
- At the time of independence, which sector contributed the largest share to India's national income?
- Which of the following is an example of soft infrastructure?
- Which of the following statements regarding the estimation of India's national and per capita income during the colonial rule is correct?
What was one of the major characteristics of India's economy at the time of independence in 1947?
- The Fiscal Responsibility and Budget Management (FRBM) Act set limits on the fiscal deficit and public debt. What was the fiscal deficit target under the original FRBM Act by 2008-09?
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