Is financial assistance to flood victims included/excluded in national income?
Is financial assistance to flood victims included/excluded in national income?
Anurag Pathak Changed status to publish December 9, 2023
No,
the financial assistance to flood victims will not be included in the national income as it is a transfer payment.
Explanation:-
Flood victims do not provide any factor services against financial assistance.
Thus it does not add to the current flow of goods and services in the economy.
Anurag Pathak Changed status to publish December 9, 2023
