InterviewSolution
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InterviewSolution
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Giving reason, explain how should the following be treated while estimating national income: (i) Expenditure on free services provided by government. (ii) Payment of interest by a Government firm. |
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Answer» Reasons : (i) Expenditure on free services provided by Government should be included in the estimation of national income because expenditure on these services is a part of Government Final Consumption Expenditure. (ii) Payment of interest by a Government firm should be included while estimating national income because it is a kind of factor payment |
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