Commodities used in scientific research is included/excluded in National Income
No, Commodities used in scientific research will not be included in the national income as it is a part of intermediate consumption expenditure.
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Expenditure on advertisement by a firm is included/excluded in National Income
No, Expenditure on advertisement by a firm will not be included in the national income as it is a part of intermediate consumption expenditure.
Earnings of shareholders from the sale of shares is included/Excluded in National Income
No, Earnings of shareholders from the sale of shares will not be included in the national income as it is a financial claim and does not contribute to any productive activity.
Profits earned by an Indian bank from its branches abroad is included/excluded in National Income
Yes, Profits earned by an India bank from its branches abroad will be included in the national income as they are a part of the factor income from abroad. They are added to domestic income to arrive at the National…
Purchase of car by a household is included/excluded in national income
Yes, It will be included in the national income as it is a part of the private final consumption expenditure is included in national income through expenditure method.
Durable goods purchased by a household is included/excluded in national income
Yes, It will be included in the national income as it is a part of the private final consumption expenditure and is included through the expenditure method. It is a final consumption good purchased by a household.
Old age pension is included/excluded in National Income
No, It will not be included in the national income as it is a transfer payment made by the government and a transfer income for the receiver. Old age pension is provided by the government to the senior citizen free…
Firm incurred expenditure on medical treatment of employee’s family is included/excluded in National Income
Yes, it is a part of the compensation of employees and, therefore, it will be included in the national income. Expenditure on medical treatment of employees family is part of the compensation of employees. Compensation of employees is factor payments…
Subsidized lunch served to workers in a factory is included/excluded in national Income
Yes, it is a part of the compensation of employees and, therefore, it will be included in the national income. Subsidized lunch cost as wages in kind is part of the compensation of employees. Compensation of employees is factor payments…
Salaries paid by the French Embassy, New Delhi to the local workers of the housekeeping department is included/excluded in National Income.
Yes, It will be included in the national income as it is a part of factor income from abroad. Salaries earned by Indian local workers from the French Embassy in New Delhi are considered as Factor income from abroad. Factor…