Question

There are many products which are not included in National Income but contribute to welfare. Explain the statement with the help of an example.​

Answer 1

Explanation:

national income is measured as a flow of expenditure .include sum total of private. consumption expenditure govt consumption expenditure ,gross capital formation and met exports.it doesnt include expenditure on second hand goods..

Answer 2

Answer:

Such products are known as intermediate products because these products are used for further production. For example, flour used for making bread.

Explanation:

here flour is an intermediate product because it will be further processed for making bread. Bread is a final product and the value of flour is added in the price of bread,.