How will you treat the following while estimating national income of India ? Give reasons for your answer. (i) Salaries received by Indian residents w

Question

How will you treat the following while estimating national income of India ? Give reasons for your answer. (i) Salaries received by Indian residents w

How will you treat the following while estimating national income of India ? Give reasons for your answer.
(i) Salaries received by Indian residents working in Russian Embassy in India .
(ii) Profits earned by an Indian bank from its branches abroad.
(iii) Goods and Services Tax received by the government.

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Correct Answer - Refer Items included/excluded in National Income.
1.Yes, it will be included in the national income as it is a pan of factor income from abroad. 2.Yes, they will be included in the national income as they are a part of the factor income from abroad. 3.NO we will not be included it in national income , because we calculate national income at factor cost .