how will you treat school fees paid by students in estimating national income?
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Ans. (i) It is treated as intermediate expenditure and so deducted from the value of output for arriving at national income. (ii) It is treated as fresh expenditure on investment capital formation and therefore included in the estimation of national income.
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(i) It is treated as intermediate expenditure and so deducted from the value of output for arriving at national income.
(ii) It is treated as fresh expenditure on investment capital formation and therefore included in the estimation of national income.
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