Question

why we should not consider change in stock when gross domestic capital formation is given while calculating the national income​

Answer 1

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For correct computation of national income by income method, following precautions need to be taken: (i) Only factor incomes which are earned by rendering productive services are included. All types of transfer income like old-age pension, unemployment allowance, etc. are excluded.

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Answer 2

Answer:

only factors income which are earned by rendering productive services are included all types of transfer incomes like old age pansion, unemployment,allowance are excluded

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