Question

Which of the following is not included in national income?

Answer 1

Explanation:

Expenditure method: national income is measured as a flow of expenditure. Includes sum total of private consumption expenditure. Government consumption expenditure, gross capital formation (Government and private) and net exports (Export-Import). It does not include expenditure on second hand goods.

Answer 2

Income that is not generated within a country's borders is not included in the calculation of national income like remittances from abroad and income from foreign-owned assets within the country.

• National income is a measure of the total income generated by a country's residents and businesses within its borders. It includes wages and salaries, profits, rents, and other forms of income.

• In order to accurately measure national income, it's important to exclude certain types of income that are not generated within the country. For example, if a foreign citizen earns rent from a property they own within the country, that income should not be included in the national income calculation.
• Similarly, remittances sent from abroad by residents of the country are not considered part of national income because they were generated outside of the country's borders.

• Excluding such income from the calculation of national income ensures that the measure accurately reflects the economic activity generated within the country and by its residents, and is not distorted by external factors.

To know more visit : https://brainly.in/question/32380923

https://brainly.in/question/15783903

#SPJ3