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Yes, it will be included in the national income as it is part of the factor income from abroad. earning by normal residents of India from the rest of the world such Russian embassy is considered as Factor Income from…
Yes, It will be included in the national income as it is a part of the factor income from abroad. Profits earned by normal residents of India from the rest of the world are counted in Factor income from abroad.…
No, It will not be included in national income as gifts received from employers are transfer incomes. transfer incomes are unilateral transfers where the receiver does not provide any productive services in return. Thus, there is no flow of goods…
Answer No, It will not be included in national income as gifts received are transfer incomes. gifts received is a unilateral transfer and the receiver does not provide any productive services in return. Thus, there is no flow of goods…
Answer Yes, It will be included in the national Income as these free services such as free boarding and lodging provided to a domestic servant are part of compensation to employees.
Answer Yes, It will be included in national Income as these free services are part of compensation to employees.
Answer No, It is an intermediate expenditure for the firm because it involves the purchase of services by one production unit (firm) from another production unit (lawyer). So, it is deducted from the value of the output of the firm…
Answer:- Yes, It will be included in the national income as it is a part of the factor income from abroad. National Income = Domestic Income + Net Factor income from abroad (Factor income from abroad – Factor income to…
Yes, Purchases by foreign tourists are ‘exports’ and, therefore, they are included in the national income through the Expenditure Method.
Yes, purchases by foreign tourists are ‘exports’ and, therefore, they are included in the national income through the Expenditure Method.