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in Economics by (76.1k points)

How should the following be treated in estimating NNPfc of a country? Give reason for your answer.

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(i) Taking care of aged parents:- Not included as it is Noneconomic activity, no income is generated out of it. 

(ii) Payment of corporate tax- Not included as it is a part of profit & profit is estimated before payment of tax, so it is not separately added. 

(iii) Expenditure on providing police services by the government- Included as it is a part of government final consumption expenditure ( GFCE)

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