Whether the following items will be included in National Income? Give reasons for your answer.
I. Payment of electricity bill by a factory.
II. Dividend on shares.
III. Increase in stock of consumer goods with households.
IV. Bus fare of a passenger.
V. Gains from sale of shares.
VI. Rent earned by Reliance from its building in USA.
VII. Gifts from Abroad.
VIII. Retained earnings of resident companies from abroad.
IX. Expenses of foreign visitors in India.
X. Gifts to a trust from Japan
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(i) No, it is a part of intermediate consumption expenditure.
(ii) Yes, as it Is a part of profits.
(iii) No, as it is assumed that such goods are consumed, the moment they are purchased.
(iv) Yes, it is a part of private final consumption expenditure.
(v) No, as it is a capital gain.
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Answer:
(i) No, it is a part of intermediate consumption expenditure.
(ii) Yes, as it Is a part of profits.
(iii) No, as it is assumed that such goods are consumed, the moment they are purchased.
(iv) Yes, it is a part of private final consumption expenditure.
(v) No, as it is a capital gain.
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