Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A student studies independently and then purchases the same teaching service from a private tutor. What is the GDP difference?

Answer and explanation

Correct answer: The paid tutoring service enters GDP while self-study does not

GDP generally measures market-valued production within the production boundary. A private tutor supplies a paid educational service, so the transaction has a recorded market value and is included in GDP, subject to normal accounting rules. Independent self-study may create substantial personal benefits, but it is an unpaid household or personal activity and has no observed market price in national accounts. Thus the paid tutoring option raises measured GDP relative to self-study.

Related tags

GdpWelfareMarket-ServiceEducationNon-Market-ActivityGdp And WelfareNational Income And Related AggregatesEconomics

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.