Is earning from a part time job in McDonald’s by a student included/excluded in National Income?
Is earning from a part time job in McDonald’s by a student included/excluded in National Income?
Anurag Pathak Changed status to publish
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 services.
The earning from McDonald’s is against part-time factor services provided by the student.
Thus it would be included in the national income.
Anurag Pathak Changed status to publish
