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Yes, It will be included in the national income as it is a part of the compensation to employees. Compensation of employees comprises of two components. Compensation of Employees = Salary & Wages + Employer’s Contribution to Social Security Schemes…
Yes, It will be included in the national income as people living in such houses enjoy housing services similar to those in rented houses. Imputed rent refers to the rent (as per the market value) of self-occupied houses. If the…
No, It will not be included in the national income because receipt from the sale of second-hand car is by virtue of transfer of an already existing object and it does not contribute to the current flow of goods in…
Yes, Earnings of a self-employed doctor having a clinic at his own residence will be included in the national income as it is a mixed-income. Mixed Income is the income of self-employed. As it adds to the flow of goods…
No, The Expenditure on engine oil by car service station will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the value of…
No, The Milk purchased by a sweet shop to make milk cake will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the…
No, The purchase of raw materials by a production unit will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the value of…
Yes, Dividend received by an Indian from his investment in shares of a foreign company will be included in the National Income as it is factor income from abroad. It is added to the domestic income to arrive at the…
Yes, Brokerage payment on sale of shares will be included in the National Income as it is the income of a broker for his productive services to various parties. Broker, arrange meeting calls of the various parties. He helps in…
Yes, Commission on sale of second-hand goods will be included in the national income as it is the income of a middleman for his productive services to various parties. Middleman provides its services in this whole transaction for sale make…