Firm incurred expenditure on medical treatment of employee’s family is included/excluded in National Income
Firm incurred expenditure on medical treatment of employee’s family is included/excluded in National Income
Anurag Pathak Changed status to publish December 7, 2023
Yes,
it is a part of the compensation of employees and, therefore, it will be included in the national income.
Expenditure on medical treatment of employees family is part of the compensation of employees.
Compensation of employees is factor payments received by the households in return for their factor services to the production process.
It adds to the flow of goods in the economy.
Anurag Pathak Changed status to publish December 7, 2023
