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Yes, Royalty will be included in the national income as royalty is a productive income. It is received by the owner of the land against the land used by the producer. As land is used in the production process. it…
Yes, Purchase of taxi by a taxi driver will be included in the national income as it is a part of the gross domestic capital formation. Gross domestic capital formation is included in the national income through the expenditure method.
Yes, The purchase of a machine by a factory will be included in the National Income as it is a part of the gross domestic capital formation. In other words, machine purchase by a factory is a final good as…
No, Compensation paid by the government of India to the victims of floods will not be included in the national income as it is a mere transfer payment and does not lead to any flow of goods and services in…
No, Financial help received by flood victims will not be included in the national income as it is a mere transfer payment and does not lead to any flow of goods and services in an economy.
No, Receipts from sale of land will not be included as land is a free gift of nature and can not be produced.
No, Commodities used in scientific research will not be included in the national income as it is a part of intermediate consumption expenditure.
No, Expenditure on advertisement by a firm will not be included in the national income as it is a part of intermediate consumption expenditure.
No, Earnings of shareholders from the sale of shares will not be included in the national income as it is a financial claim and does not contribute to any productive activity.
Yes, Profits earned by an India bank from its branches abroad will be included in the national income as they are a part of the factor income from abroad. They are added to domestic income to arrive at the National…