Giving reason, explain how the following are treated in estimating Nat

1.	Giving reason, explain how the following are treated in estimating National Income:
Answer» (i) Wheat grown by a farmer but used entirely for the family’s consumption-Included as it is own account production. (ii) earning of the shareholders from the sale of shares- Not included as it is just financial transfer. (iii) Expenditure by govt. on providing free education – Included as it is Govt. final consumption expendi

Giving reason, explain how the following are treated in estimating National Income:

Answer»

(i) Wheat grown by a farmer but used entirely for the family’s consumption-Included as it is own account production.

(ii) earning of the shareholders from the sale of shares- Not included as it is just financial transfer.

(iii) Expenditure by govt. on providing free education – Included as it is Govt. final consumption expendi

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Giving reason, explain how the following are treated in estimating National Income:

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