How should the following be treated in estimating NNPfc of a country?

1.	How should the following be treated in estimating NNPfc of a country? Give reason for your answer.
Answer» (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)

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

Answer»

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

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