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Yes, Expenditure on adding a floor to the building will be included in the national income as it is a part of capital formation. Explanation:- It is the addition of the current stock of capital during a year. It is…
Yes, Expenditure on construction of a house will be included in the national income as it is a part of capital formation. Explanation:- Expenditure on the construction of a house is part of gross fixed capital formation. It is the…
Yes, It will be included in the national income as it is a part of capital formation. Explanation:- improvement of fixed assets increases the life span of the fixed asset. It is the addition of the current stock of capital…
Yes, interest received on debentures will be included in the national income as such interest received is a factor income because debenture is a sort of loan taken by a production unit. Explanation:- Debenture is a kind of public loan…
Yes, It will be included in national income as it is a part of factor income from abroad. Explanation:- A loan given to a foreign company is used for productive services. It will add to the current flow of goods…
No, The payment of interest by an individual to a bank on a loan to buy a car will not be included in the national income because it is a non-factor receipt as the loan is not used for production…
No, The payment of interest by an individual to a bank will not be included in the national income because it is a non-factor receipt as the loan is not used for production but for consumption. Explanation:- Interest received on…
No, The payment of interest on a loan taken by an employee from the employer will not be included in the national income because it is a non-factor receipt as the loan is not used for production but for consumption.…
No, The interest payment on loan taken by an individual to buy a motor cycle will not be included in the national income because it is a non-factor receipt as the loan is not used for production but for consumption.…
No, The interest received on loans given to a friend for purchasing a car will not be included in the national income because it is a non-factor receipt as the loan is not used for production but for consumption. Explanation:-…