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Answer
No, the transport expenses by a firm will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- National Income only counts the value of final goods. The value of final product of…
No, Expenditure on the purchase of cold drinks by a school canteen will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- National Income only counts the value of final goods. The…
No, value of wood purchased for manufacturing a table will not be included in the national income as it is a part of intermediate consumption expenditure. Explanation:- National Income only counts the value of final goods. The value of wood…
No, It is a part of National wealth and is not included in national income. However, that part of mineral wealth that has been extracted during the current year will be included in national income under the product method.
Yes, It is included in the national income as it is a part of the private final consumption expenditure. Students are provided services in the form of education and training in return of fees received. It adds to the flow…
Yes, It is included in the national income as it is a part of the private final consumption expenditure Explanation:- The household receives the services of the insurance company in return of the insurance premium paid. It adds to the…
Yes, Government expenditure on street lighting will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining law and…
Yes, Expenditure by government on providing free educational services will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes…
Yes, Expenditure on free services provided by government will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining…
Yes, It will be included in the national income as it is a part of the government final consumption expenditure. Explanation:- The government spends generally for the welfare of the society. It includes maintaining law and order, security and providing…