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Yes, The purchase of furniture by a firm will be included in the national income as it is a part of the capital formation or investment by the firm. Explanation:- Furniture purchased by a firm is an investment and considered…
Yes, It will be included in the domestic income, if the foreign expert stays in the domestic territory. No, However, if the foreign expert stays outside the domestic territory, then it will not be included in the domestic income.
No, Expenditure on fertilizers by a farmer will not be included in the national income as it is an intermediate cost for the farmer and deducted from the value of output while arriving at the national income. Explanation:- The national…
Yes, It will be included in the national income as it is a part of the capital formation or investment by the farmer. Explanation:- The purchase of a tractor by a farmer will be used for productive purposes. It will…
Yes, bonus paid to employees will be included in the national income as it is a part of the compensation to employees. Explanation:- The bonus paid to employees is against the factor services provided by the employees. It adds to…
Yes, The payment of bonus by a firm will be included in the national income as it is a part of the compensation to employees. Explanation:- The payment of a bonus by a firm is against the factor services provided…
Yes, imputed salaries of family members working free on farm owned by family will be included in national income. Explanation:- The final goods and services produced in the farm have its market price (value). Thus can be sold in the…
No, It will not be included in national income because it is a non-factor payment as the general government borrows only for consumption purposes. Explanation:- Borrowing by the general government is used only for consumption purposes. It does not add…
No, Expenditure on maintenance by a firm will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- The cost of expenditure on maintenance by a firm is included in the final productive…
No, Expenditure on maintenance of building will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- The cost of expenditure on maintenance of the building is included in the final productive services…