The sale of a second-hand car for ₹4 lakh through a dealer who earns ₹20,000 commission adds how much to this year's national income?

₹4,20,000Correct answerYour answer₹4,00,000Correct answerYour answer₹20,000 onlyCorrect answerYour answerNothingCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

The car was counted in the year it was made, so its price is not counted again.
The dealer's commission pays for a service produced this year, so ₹20,000 is counted.

Worth noting

'Nothing' forgets the dealer's service, which is current production.

Ten questions from Measuring National Income, at your own pace.

Ten questions from Measuring National Income, at your own pace.

Explanation