Question

Sale of private vehicles in increasing day by day. Analyse its impact on GDP and Welfare.

Or

In the determination of social welfare, what matters is the quantum of output rather than the

composition of output. Defend or repute.​

Answer 1

Answer:

Answer: Rise in sale of petrol and diesel cars implies that the private consumption expenditure will also rise. It leads to a rise in Gross Domestic Product of the country. ... (iii) The already depleted reserves of petrol and diesel will be subjected to further depletion.