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Will the following be included in the national income of a country? Give reason for your answer. (i) Scholl fees paid by students. (ii) Purchase of new shares of a domestic firm. (iii) Gifts received from abroad. (iv) Furniture purchased by households. |
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Answer» (ii) Not included because it does not LEAD to cration of any good or service. (III) Not included because it is a trasnfer payment. (IV) Included because it is a final consumption expenditure. |
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