Question

Which one is not included in the estimation of national income?

a) Imputed rent of owner-occupied houses.

b) Pension on retirement

c) Change in stock

d) Remittances by NRIs​

Answer 1

Answer:

imputed rent of owner occupied houses

Answer 2

Answer:

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.