Gifts received from abroad is included/excluded in National Income
Gifts received from abroad is included/excluded in National Income
Anurag Pathak Changed status to publish December 7, 2023
Answer
No,
It will not be included in national income as gifts received are transfer incomes.
gifts received is a unilateral transfer and the receiver does not provide any productive services in return.
Thus, there is no flow of goods and services in the economy.
Anurag Pathak Changed status to publish December 7, 2023
