Which of the following is included in the estimation of national income?
1 point
A) Expenses on electricity by a factory.
B) Gifts from abroad
C) free service by the government
D) financial help to earthquake victims
Answers
A) Expenses on electricity by a factory. -Yes, it is included in the national income as it is a part of the private final consumption expenditure.
B) Gifts from abroad- No, it is a transfer income.
C) free service by the government -Free services provided by the government will not be included in national income.
D) financial help to earthquake victims-No, it is a transfer payment.
Explanation:
answer is (A)
Answer:
a is correct
Explanation:
A) Expenses on electricity by a factory. -Yes, it is included in the national income as it is a part of the private final consumption expenditure.
B) Gifts from abroad- No, it is a transfer income.
C) free service by the government -Free services provided by the government will not be included in national income.
D) financial help to earthquake victims-No, it is a transfer payment.