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Yes, Government expenditure on street lighting will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining law and…
Yes, Expenditure by government on providing free educational services will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes…
Yes, Expenditure on free services provided by government will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining…
Yes, It will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining law and order, security and providing…
No, The services rendered by family members to each other will not be included in the national income as it is difficult to determine the value of services provided by family members to each other. Explanation:- Services rendered by family…
No, Growing vegetables in a kitchen garden of the house will not be included in the national income as it is difficult to estimate the value of production (it is a non-market transaction). Explanation:- It is a leisure time activity…
Yes, It will be included in the national income as it is the income of the dealer for his productive services. dealer provides its services in this whole transaction for sale make happen. He arranges the meetings of the various…
Yes, Expenditure on the construction of a flyover by the government will be included in the national income as it is a part of gross domestic capital formation. Expenditure on the construction of a flyover is part of government fixed…
Yes, It is included in the national income because it adds to the current flow of goods and services. Therefore its imputed value should be included. Let’s understand it Wheat grown by a farmer has the market price. It would…
Yes, The value of interest foregone on loans provided by employers to employees will be included in the national income as it is a part of the compensation to employees. Explanation:- Interest-free loans by employers to employees is just part…