Question

4) Which of the following is included in the estimation of national income?

a) Unemployment allowance

b) Defence and security services

c) Expenditure on second-hand goods

d) Income from illegal activities​

Answer 1

d) Income from illegal activities included in the estimation of national income.

Answer 2

Explanation:

National income = [Private final consumption expenditure + Government final consumption expenditure + Net domestic capital formation + Ner exports + Net factor income from abroad – Net indirect tax]