Purchase of car by a household is included/excluded in national income
Yes, It will be included in the national income as it is a part of the private final consumption expenditure is included in national income through expenditure method.
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Durable goods purchased by a household is included/excluded in national income
Yes, It will be included in the national income as it is a part of the private final consumption expenditure and is included through the expenditure method. It is a final consumption good purchased by a household.
Old age pension is included/excluded in National Income
No, It will not be included in the national income as it is a transfer payment made by the government and a transfer income for the receiver. Old age pension is provided by the government to the senior citizen free…
Firm incurred expenditure on medical treatment of employee’s family is included/excluded in National Income
Yes, it is a part of the compensation of employees and, therefore, it will be included in the national income. Expenditure on medical treatment of employees family is part of the compensation of employees. Compensation of employees is factor payments…
Subsidized lunch served to workers in a factory is included/excluded in national Income
Yes, it is a part of the compensation of employees and, therefore, it will be included in the national income. Subsidized lunch cost as wages in kind is part of the compensation of employees. Compensation of employees is factor payments…
Salaries paid by the French Embassy, New Delhi to the local workers of the housekeeping department is included/excluded in National Income.
Yes, It will be included in the national income as it is a part of factor income from abroad. Salaries earned by Indian local workers from the French Embassy in New Delhi are considered as Factor income from abroad. Factor…
Salaries received by Indian residents working in Russian Embassy in India is included/excluded in National Income
Yes, it will be included in the national income as it is part of the factor income from abroad. earning by normal residents of India from the rest of the world such Russian embassy is considered as Factor Income from…
Profits of Reliance Industries from its chemicals business in Australia is included/Excluded in national income
Yes, It will be included in the national income as it is a part of the factor income from abroad. Profits earned by normal residents of India from the rest of the world are counted in Factor income from abroad.…
Gift received from employer is included/excluded in national income
No, It will not be included in national income as gifts received from employers are transfer incomes. transfer incomes are unilateral transfers where the receiver does not provide any productive services in return. Thus, there is no flow of goods…
Gifts received from abroad is included/excluded in National Income
Answer No, It will not be included in national income as gifts received are transfer incomes. gifts received is a unilateral transfer and the receiver does not provide any productive services in return. Thus, there is no flow of goods…