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Yes, The purchases of a truck to carry goods by a production unit will be included in the national income as it is a part of the gross domestic capital formation. It will be included in the national income through…
Yes, HP uses its own new Laptops in its office for self-consumption will be included in the national income as it adds to the current flow of goods and services. Therefore, the imputed value of laptops should be included. Explanation:-…
No, Destruction of buildings due to an earthquake will not be included in the national income as it will not affect national product directly. Explanation:- It is a natural calamity and does not contribute to any flow of goods and…
No, Harish works in USA and sends money to his family in India will not be included in the national income as it is a transfer payment. Explanation:- National Income only counts the factor income. factor income is the income…
No, Capital gains to Indian residents from sale of shares of a foreign company will not be included in the national income as they do not add to the current flow of goods and services in the economy. Explanation:- The…
No, Salaries paid by Indian Embassy situated at Japan to the local workers will not be included in the national income as it is a part of the factor income paid abroad to non-residents. It is subtracted from domestic income…
No, Salaries paid to Russians working in Indian Embassy in Russia will not be included in the national income as it is a part of the factor income paid abroad to non-residents. It is subtracted from domestic income to arrive…
No, Goods and services tax received by the government will not be included in the national income as it is an indirect tax and a compulsory transfer payment received by the government. Explanation: Any tax to the government is a…
No, Payment of death duty will not be included in the national income as it is a compulsory transfer payment to the government. Explanation: Any tax to the government is a transfer payment as the government does not guarantee any…
No, The payment of interest tax will not be included in the national income as it is a compulsory transfer payment to the government. Explanation: Any tax to the government is a transfer payment as the government does not guarantee…