Student Community
Answer
No, The money received by a family in India from relatives working abroad will not be included in the national income as it is a transfer receipt. Explanation:- The money received by a family in India from relatives working abroad…
No, The goods lying within the production boundary will not be included in national income as goods lying within the production boundary are intermediate goods. Explanation:- National income only counts the value of the final goods. The value of the…
No, The purchase of shares of X Ltd. by an investor in the National Stock Exchange will not be included in the national income as such transactions are mere paper claims and do not lead to any value addition. Explanation:-…
No, The expenditure on the purchase of shares of a new company will not be included in the national income as such transactions are mere paper claims and do not lead to any value addition. Explanation:- The sale of shares…
No, The expenditure on the purchase of shares of a new company will not be included in the national income as such transactions are mere paper claims and do not lead to any value addition. Explanation:- The Sale of shares…
No, The entertainment allowance to an employee for entertaining business guests will not be included in the national income as it is an intermediate consumption expenditure of the business. Explanation:- entertainment allowance is just a day to day business expenses…
No, Receipt from sale of property, inherited from a relative will not be included in the national income as receipt from the sale of such property is by virtue of transfer of an already existing object. Explanation:- The transfer of…
Yes, The earning from a part-time job in McDonald’s by a student will be included in the national income as it is a income received for productive services. Explanation:- National Income includes only the factor payments received against the factor…
Yes, Direct purchases made abroad by government will be included in the national income as it is a part of the government final consumption expenditure. It is included in the national income through expenditure method.
Yes, The purchases of a truck to carry goods by a production unit will be included in the national income as it is a part of the gross domestic capital formation. It will be included in the national income through…