Assume that a Kia automobiles dealership in Mehrauli, Gurugram transshipped 300 Kia Sonet cars from South Korea
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Question:
Assume that a Kia automobiles dealership in Mehrauli, Gurugram transshipped 300 Kia Sonet cars from South Korea at a cost of Rs. 13 lakhs per car in September 2019. By March 31, 2020, they were able to sell 200 of these Sonet cars at a price of Rs. 16 lakhs each. The remaining Hyundai cars were sold in April 2020 at a price Rs. 14 lakhs each.
How exactly will this affect the GDP in 2019-20 and 2020-21, and which components of GDP will be affected?
Explain your answer through the expenditure as well as the value-added method of computing national income.
Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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