Question

1.It is the income generated by own-account
workers and unincorporated enterprises
2.Which of the following are not included
hile estimating National Income?​

Answer 1

Hey Mate !

1.Mixed income of self-employed This consists of wage income of own account workers and profits and dividends of unincorporated enterprises. This form of income has been specifically defined for India as the breakdown of two components viz., income of own account workers and profits etc., is not available separately.

2.Expenditure method: national income is measured as a flow of expenditure. Includes sum total of private consumption expenditure. Government consumption expenditure, gross capital formation (Government and private) and net exports (Export-Import). It does not include expenditure on second hand goods.

Explanation:

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