Is fees received from student included/excluded in national income?
Is fees received from student included/excluded in national income?
Anurag Pathak Changed status to publish December 8, 2023
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 of goods and services in the economy.
It is considered part of private final consumption expenditure and added to the national income through expenditure method.
Anurag Pathak Changed status to publish December 8, 2023