Give reason how the following are treated in the estimation of national income:-
a) new railway engine manufactured by Indian railways.
b) increase in number of goats in a cattle farm.
c) new residential building constructed by a builder.
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(i) It is not included because it is an intermediate cost of the firm.
(ii) It is not included because the loan is taken to meet consumption expenditure and therefore interest paid on such a loan is not a factor payment.
(iii) It is included because it is an investment expenditure, a final expenditure
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plz tell me from where you got this question
plzz bcoz this is asked in our half yearly paper plzz tell me.
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