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No, The interest received on loans given to a friend for purchasing a car will not be included in the national income because it is a non-factor receipt as the loan is not used for production but for consumption. Explanation:-…
Yes, Payment of interest by a firm to a bank will be included in the national income as such interest is paid on loans taken for production purposes. It is a factory payment by a producer. Explanation:- the loan taken…
Yes, Payment of interest by a firm will be included in the national income as such interest is paid on loans taken for production purposes. It is a factory payment by a producer. Explanation:- the loan taken by the firm…
Yes, Payment of interest by a government firm will be included in the national income as such interest is paid on loans taken for production purposes. It is a factory payment by a producer. Explanation:- In other words, the loan…
Yes, Payment of interest by banks to its depositors will be included in the national income as such interest is paid on loans taken for production purposes. It is a factory payment by a producer. Explanation:- Banks lend the money…
No, Insurance money received from oriental insurance due to destruction of factory due to fire will not be included in the national income because it is a transfer receipt. Explanation:- An insurance claim is merely a transfer receipt against the…
No, It will not be included in the national income because payment for purchase of second hand goods is due to transfer of an already existing object.
No, The purchase of house by the tenant will not be included in the national income because payment for purchase of second hand goods is due to transfer of an already existing object. Explanation:- The purchase of an old house…
No, The expenditure on the purchase of an old house will not be included in the national income because payment for purchase of second hand goods is due to transfer of an already existing object. Explanation:- The purchase of an…
No, It will not be included as it does not result in any production. Its value already included when it was newly constructed. Explanation:- The sale of an old house is the second sale. The value of the house is…