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Answer
No, Payment of electricity bill by a school will not be included in the national income as it is an intermediate cost and will be deducted from the value of output while arriving at the national income. Explanation:- Only the…
Yes, The expenditure on education of children by a family will not be included in the national income as it is a part of the private final consumption expenditure. Explanation:- National Income counts the final consumption expenditure as the income.…
Yes, The expenditure on purchasing a machine installed in a production unit will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- A machine purchased by a firm…
Yes, The purchase of refrigerator will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- A refrigerator purchased by a firm is an investment and is considered a…
Yes, The purchase of furniture by a firm will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- Furniture purchased by a firm is an investment and considered…
Yes, It will be included in the domestic income, if the foreign expert stays in the domestic territory. No, However, if the foreign expert stays outside the domestic territory, then it will not be included in the domestic income.
No, Expenditure on fertilizers by a farmer will not be included in the national income as it is an intermediate cost for the farmer and deducted from the value of output while arriving at the national income. Explanation:- The national…
Yes, It will be included in the national income as it is a part of the capital formation or investment by the farmer. Explanation:- The purchase of a tractor by a farmer will be used for productive purposes. It will…
Yes, bonus paid to employees will be included in the national income as it is a part of the compensation to employees. Explanation:- The bonus paid to employees is against the factor services provided by the employees. It adds to…
Yes, The payment of bonus by a firm will be included in the national income as it is a part of the compensation to employees. Explanation:- The payment of a bonus by a firm is against the factor services provided…