Is Earnings of a self-employed doctor having a clinic at his own residence included/Excluded in National Income
Is Earnings of a self-employed doctor having a clinic at his own residence included/Excluded in National Income
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Yes,
Earnings of a self-employed doctor having a clinic at his own residence will be included in the national income as it is a mixed-income.
Mixed Income is the income of self-employed.
As it adds to the flow of goods and services in the economy. It is included in the National Income via Income Method
National Income = Compensation of Employee + Mixed-Income + Rent + Royalty + Interest + Profit + NFIA
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