Explain How shall the free service provided by the owners of the production unit be treated while estimating national income .
Answers
Answered by
1
Answer:
Because It's Include In Compensation Of Employee!
Sub Point - Payments In Kind!
Answered by
0
Answer:
Concept:
The activities which add to the production in the economy are included in national income. The value of all goods and services produced is included.
To find:
The treatment of free services provided by owners of production units in the calculation of national income.
Solution:
The free services provided by the the owners of production unit help in the production activity. The "Imputed value" of these services should be included in the calculation of national income.
Therefore, these services should be included.
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