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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.
No, It is not included in the national income as it is a part of the factor income paid abroad. It is subtracted from domestic income to arrive at the national income.
Yes, It is included in the national income by Income Method since it is a part of ‘Wages in Kind’ paid to employees. Explanation:- A rent-free house is one of the item of Wages in Kind. Wages in Kind is…
No, Interest on public debt is not included in the national income as it is the interest paid on loans taken by the government to meet its consumption purposes and does not add to the flow of goods. Explanation:- Interest…
No, National Debt interest is not included in the national income as it is the interest paid on loans taken by the government to meet its consumption purposes and does not add to the flow of goods. Explanation:- National Debt…
Answer:- No, It will not be included in the national income as it does not amount to any flow of goods. Explanation:- An increase in the price of lying stock is due to a rise in market price. The quantity…
Answer:- No, It will not be included in the national income as it does not add to the flow of goods and services in the economy. In other words, winning of a Lottery prize or contest is a one-way transaction,…
Answer:- Yes, it will be included in the National Income as it is a part of capital formation and leads to the production of goods and services in the economy.