Which one of the following items is excluded in calculating national income?
Which one of the following items is excluded in calculating national income?
(a) Services of a rental TV set
(b) Rupees 10,000 won in a lottery
(c) Imputed value of owner-occupied house
(d) Salary of a house maid
Anurag Pathak Changed status to publish December 14, 2023
Ans – (b)
Explanation:-
Money won in a lottery is a kind of transfer payment and does not add to the current flow of goods and services. Thus it would not be included in the national income.
Anurag Pathak Changed status to publish December 14, 2023
