Student Community
Answer
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…
No, scholarship given to Indian students studying in India by a foreign company will not be included in the national income as it is a transfer payment. Explanation:- Students do not provide any factor services against the scholarship. Thus it…
Yes, Expenditure on adding a floor to the building will be included in the national income as it is a part of capital formation. Explanation:- It is the addition of the current stock of capital during a year. It is…
Yes, Expenditure on construction of a house will be included in the national income as it is a part of capital formation. Explanation:- Expenditure on the construction of a house is part of gross fixed capital formation. It is the…