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

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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.

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