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Introduction to Chemistry

Government ex...

Question

Government expenditure on street lightning include or exclude in national income with reason

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Solution

Dear Student,

Government expenditure on street lighting is a part of Government final consumption expenditure and it adds to flow of services. Hence it is included in National Income.

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Similar questions

Q. Whether the following items will be included in National Income? Give reasons for your answer.
(i) Free meals to beggars.
(ii) Wages received by an Indian working in British Embassy.
(iii) Medical facilities to government employees.
(iv) Purchase of vegetables by a restaurant.
(v) Government Expenditure on street light.

Q. Give reason or explain the following statements:

1) Income from second hand sale of goods is excluded from national income.
2) National income at factor cost includes subsidy.
3) National income estimates are accurate in India.
4) Old age pension is transfer income.
5) Paid services are included in national income.

Q. The expenditure method of estimating national income includes ___________.

Which of the following is not included in expenditure method of calculating national income?

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