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No, The Expenditure on engine oil by car service station will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the value of…
No, The Milk purchased by a sweet shop to make milk cake will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the…
No, The purchase of raw materials by a production unit will not be included in the national income as it is a part of the intermediate consumption expenditure. The value of intermediate consumption is already added to the value of…
Yes, Dividend received by an Indian from his investment in shares of a foreign company will be included in the National Income as it is factor income from abroad. It is added to the domestic income to arrive at the…
Yes, Brokerage payment on sale of shares will be included in the National Income as it is the income of a broker for his productive services to various parties. Broker, arrange meeting calls of the various parties. He helps in…
Yes, Commission on sale of second-hand goods will be included in the national income as it is the income of a middleman for his productive services to various parties. Middleman provides its services in this whole transaction for sale make…
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…