Question

1. Construction of a new House include in national income yes or no . Give answer with reason​

Answer 1

Answer:

Construction of a new house. Yes, it will be included in the national income as it is a part of capital formation and leads to production of goods and services in the economy. ... No, it will not be included in the national income as it does not amount to any flow of goods.

Answer 2

Explanation:

. Construction of a new house. Yes, it will be included in the national income as it is a part of capital formation and leads to production of goods and services in the economy. ... No, it will not be included in the national income as it does not add to the flow of goods and services in the economy..

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