[Solved] Which of the following is not included in the National Income?

McqMate

Q.	Which of the following is not included in the National Income?
A.	Imputed rent of owner-occupied houses
B.	Government expenditure on making new bridges
C.	Winning a lottery
D.	Commission paid to an agent for sale of house
Answer» C. Winning a lottery
Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a part of the national income so they are cut from national income to get n.n.p in order to arrive national income such payments are bad debts incurred by banks, payments of pensions, charity, scholarships etc. Private- sector transfers include charitable donations and prizes to lottery winners.

3.8k

0

Do you find this helpful?

29

View all MCQs in

Discussion

No comments yet

Related MCQs

Which one of the following is not included while estimating national income through income method?
Which one of the following items is included in the national income account?
In calculating National Income which of the following is included?
National income accounting is the study of the income and expenditure of the entire -
Net National Product in National Income Accounting refers to -
The study of whole economic systems aggregating over the functioning of individual units. Specifically, it is study of national economies and the determination of national income. It is known as
Which one of the following is not a method of measurement of National Income?
Which one of the following is not a method of estimating National Income?
While estimating national income which of the following is not taken into account?
Which of the following results by dividing national income by size of population?