How are following treated in the estimation of domestic factor income – InterviewSolution

InterviewSolution

1.	How are following treated in the estimation of domestic factor income ? Old age pension given by the governmet.
Answer» No, it is not included in the domestic factor income as it is a transfer income (and not a factor income).

Discussion

No Comment Found

Related InterviewSolutions

Which of the following willl be included in National Income ?A. Sale of bonds by a companyB. Transport expenses by a firmC. Interest on loan paid by households to banksD. None of these
Calculate Gross National Disposable Income from the following data :
Fro the following following data calculate national income by (a) Income method (b) Expenditure method :
Calculate National income and from the following data :
Calculate national income from the following data :
Calculate National income from the following data :
From the following data, calculate "Gross value added at factor cost".
Find gross value added at market price :
(a) Describe value added method. (b) What is double counting ? Name the methods to avoid it.
How should the following be treated in estimating national income of a country ? Give reasons. Addition to stocks during a year.