Q.

National Income include :

A. Financial help to earthquake victims
B. Pocket money of a child
C. Winning of a lottery prize
D. Construction of a new house
Answer» D. Construction of a new house
Explanation: National income is the total value a country's final output of all new goods and services produced in one year. So construction of a new house is certainly output of goods.Transfer payments are not a part of the national income. So private sector transfers including charitable donations and prizes to lottery winners are excluded from it.
768
0
Do you find this helpful?
4

View all MCQs in

Economics (GK)

Discussion

No comments yet