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Answer
No, It will not be included in the national income as it is a transfer payment to the government. Explanation:- Payment of corporate tax will not be included in the national income. It is a part of corporate profits which…
Yes, It will be included in the national income as it is a part of the gross domestic capital formation. Explanation:- The addition to stocks during a year is the gross domestic capital formation. The gross domestic capital formation is…
No, It is not included in the national income because such contribution is made by the employees from the compensation of employees only. So, it is not separately included in the estimation of national income. Explanation:- The contribution to the…
No, It will not be included in the national income as it is merely a transfer payment. Explanation:- A Festival gift from an employer to the employees is a unilateral transfer. The employees do not provide any factor services in…
Yes, It will be included as it is a part of the profits of production units, which is distributed to the owners. Explanation:- dividend is the part of profits earned against the productive services provided. It is part of the…
No, Electricity consumed by a firm will not be included in the national income as it is an intermediate cost and will be deducted from the value of output while arriving at national income. Explanation:- Only the value of the…
No, Payment of electricity bill by a school will not be included in the national income as it is an intermediate cost and will be deducted from the value of output while arriving at the national income. Explanation:- Only the…
Yes, The expenditure on education of children by a family will not be included in the national income as it is a part of the private final consumption expenditure. Explanation:- National Income counts the final consumption expenditure as the income.…
Yes, The expenditure on purchasing a machine installed in a production unit will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- A machine purchased by a firm…
Yes, The purchase of refrigerator will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- A refrigerator purchased by a firm is an investment and is considered a…