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Answer
No, Receipt from sale of property, inherited from a relative will not be included in the national income as receipt from the sale of such property is by virtue of transfer of an already existing object. Explanation:- The transfer of…
Yes, The earning from a part-time job in McDonald’s by a student will be included in the national income as it is a income received for productive services. Explanation:- National Income includes only the factor payments received against the factor…
Yes, Direct purchases made abroad by government will be included in the national income as it is a part of the government final consumption expenditure. It is included in the national income through expenditure method.
Yes, The purchases of a truck to carry goods by a production unit will be included in the national income as it is a part of the gross domestic capital formation. It will be included in the national income through…
Yes, HP uses its own new Laptops in its office for self-consumption will be included in the national income as it adds to the current flow of goods and services. Therefore, the imputed value of laptops should be included. Explanation:-…
No, Destruction of buildings due to an earthquake will not be included in the national income as it will not affect national product directly. Explanation:- It is a natural calamity and does not contribute to any flow of goods and…
No, Harish works in USA and sends money to his family in India will not be included in the national income as it is a transfer payment. Explanation:- National Income only counts the factor income. factor income is the income…
No, Capital gains to Indian residents from sale of shares of a foreign company will not be included in the national income as they do not add to the current flow of goods and services in the economy. Explanation:- The…
No, Salaries paid by Indian Embassy situated at Japan to the local workers will not be included in the national income as it is a part of the factor income paid abroad to non-residents. It is subtracted from domestic income…
No, Salaries paid to Russians working in Indian Embassy in Russia will not be included in the national income as it is a part of the factor income paid abroad to non-residents. It is subtracted from domestic income to arrive…