0 votes
in Economics by (75.6k points)

While estimating national income, how will you treat the following? Give reason for your answer.

1 Answer

+1 vote
by (73.7k points)
selected by
Best answer

(i) Imputed rent of self occupied houses- Included as house is a capital good which generates income even if the owner resides in his own house. An imputed value is estimated & added in the national income.  

(ii) Interest received on debentures: Included as it is a factor income. 

(iii)financial help received for flood victims- not included as it is a transfer payment. 

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.