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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…
No, dividend received by a foreigner from investment in shares of an Indian company will not be included in the national income as it is a part of the factor income paid abroad. It is subtracted from domestic income to…
No, The money received by a family in India from relatives working abroad will not be included in the national income as it is a transfer receipt. Explanation:- The money received by a family in India from relatives working abroad…
No, The goods lying within the production boundary will not be included in national income as goods lying within the production boundary are intermediate goods. Explanation:- National income only counts the value of the final goods. The value of the…