How, should the following be treated while estimating national income ? Give reasons.
How, should the following be treated while estimating national income ? Give reasons.
(i) Expenditure on education of children by a family.
(ii) Payment of electricity bill by a school.
5 views
1 Answers
Reasons:
(i) Expenditure on the education of children by a family is included in national income since it is a part of Private Final Consumption Expenditure.
(ii) Payment of electricity bill by a school is not included in national income since it is a part of intermediate consumption
5 views
Answered