Question

interest paid on loan taken to purchase a taxi how it will be treated in estimating national income​

Answer 1

Explanation:

By giving reason, explain how should the following be treated in estimating gross domestic product at market price?

(i) Fees to a mechanic paid by a firm.

(ii) Interest paid by an individual on a car loan taken from a bank.

(iii) Expenditure on purchasing a car for use by a firm.

i think it's helpful for you