National Income include : (1) Financial help to earthquake victims (2) Pocket money of a child (3) Winning of a lottery prize (4) Construction of a new house

1 Answer

Answer :

(4) Construction of a new house Explanation: National income is the total value a country's final output of all new goods and services produced in one year. So construction of a new house is certainly output of goods. Transfer payments are not a part of the national income. So private sector transfers including charitable donations and prizes to lottery winners are excluded from it.

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