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Answer
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…
Yes, imputed salaries of family members working free on farm owned by family will be included in national income. Explanation:- The final goods and services produced in the farm have its market price (value). Thus can be sold in the…
No, It will not be included in national income because it is a non-factor payment as the general government borrows only for consumption purposes. Explanation:- Borrowing by the general government is used only for consumption purposes. It does not add…
No, Expenditure on maintenance by a firm will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- The cost of expenditure on maintenance by a firm is included in the final productive…
No, Expenditure on maintenance of building will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- The cost of expenditure on maintenance of the building is included in the final productive services…
No, It will not be included in the national income as it is an intermediate cost for the hospital. Explanation:- The cost of the purchase of uniforms for nurses is already included in the final goods and services of the…
No, The value of bonus shares received by shareholders of a company will not be included in the national income as such bonus shares are mere paper claims and do not contribute to the production of goods and services. Explanation:-…
No, the financial assistance to flood victims will not be included in the national income as it is a transfer payment. Explanation:- Flood victims do not provide any factor services against financial assistance. Thus it does not add to the…