What are precautions of income method?? In GDP estimation ???
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Answered by
5
Heya....
Income method is the method at which we count all the factor incomes earned by nation...
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Precautions regarding income methods are....
1 The transfer payment like earned in donations , gift , etc.. is not included in national income...
2 The windfall income as earned by lottery , or games is not be included ....
3 The income from illegal activities is not to be included...
4 The commission on second hand goods sale and purchase will be added..
5 Income earned by selling bonds and shares should be added...
ALTERNATIVE is that...
Only income earned after lending the factor production will be added ....
-- Be Brainly....
Income method is the method at which we count all the factor incomes earned by nation...
=============
Precautions regarding income methods are....
1 The transfer payment like earned in donations , gift , etc.. is not included in national income...
2 The windfall income as earned by lottery , or games is not be included ....
3 The income from illegal activities is not to be included...
4 The commission on second hand goods sale and purchase will be added..
5 Income earned by selling bonds and shares should be added...
ALTERNATIVE is that...
Only income earned after lending the factor production will be added ....
-- Be Brainly....
Answered by
0
heya..
Here is your answer...
1. The transfer payment like earned in donations, gift etc is not included in national income.
2. The income from illega activities is not to be included.
3. income earned by selling bonds and shares should be added.
It may help you... ☺☺
Here is your answer...
1. The transfer payment like earned in donations, gift etc is not included in national income.
2. The income from illega activities is not to be included.
3. income earned by selling bonds and shares should be added.
It may help you... ☺☺
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