Question

interest paid on loan taken from a friend is it treated as national income give reason​

Answer 1

Answer:

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Explanation:

Yes, it will be included in the national income as such interest is paid on loan taken for productive purpose. It is a factor payment by a producer. 61. Interest received on loans given to a friend for purchasing a car.

Answer 2

Answer:

yes it will be included in the national income as such interest is paid on loan taken for productive purpose .it is a factor payment by a producer .61. interest received on loan given to a friend for purchasing a car.