Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

1 Answer

Answer :

Services of night-watchmen

Related questions

Description : Which one of the following items is included in the national income account? (1) Services of housewives (2) Income of smugglers (3) Services of Sadhus (4) Services of night-watchmen

Last Answer : (4) Services of nightwatchmen Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Services provided by housewives, ... smugglers and services of sadhus can be categorized as noneconomic services and thus cannot be accounted.

Description : In calculating National Income which of the following is included? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen

Last Answer : (4) Income of watchmen Explanation: National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this period ... is neither too short nor long a period. National product is usually used synonymous with National income.

Description : In calculating National Income which of the following is included ? (1) Services of housewives (2) Pensions (3) Income of smugglers (4) Income of watchmen 

Last Answer : Income of watchmen

Description : Which is not added in the calculation of national income in India? (a) The value of goods and services. (b) The sold value of old fridge. © Services rendered by the housewives (d) Both (b) and (c)

Last Answer : (d) Both (b) and (c)

Description : Which one of the following items is not included in the current account of India's Balance of Payments? (1) Short-term commercial borrowings (2) Non-monetary gold movements (3) Investment income (4) Transfer payments

Last Answer : (2) Non-monetary gold movements Explanation: Balance of payments (BoP) accounts are an accounting record of all monetary transactions between a country and the rest of the world. These ... factor income (earnings on foreign investments minus payments made to foreign investors) and cash transfers.

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Description : While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Last Answer : (3) Services of a housewife Explanation: Services provided by housewives can be categorized as non-economic services and thus cannot be accounted in national income which is the sum total of all the goods and services produced in a country, in a particular period of time.

Description : While estimating national income which of the following is not taken into account? (1) Services of a teacher (2) Services of a doctor (3) Services of a housewife (4) Services of a maid servant

Last Answer : Services of a housewife

Description : Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits

Last Answer : (3) Pension Explanation: The income approach equates the total output of a nation to the total factor income received by residents or citizens of the nation. Transfer incomes are excluded from ... wages of labourers will be included, pensions of retired workers will be excluded from national income.

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house

Last Answer : (3) Winning a lottery Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Transfer payments are not a ... pensions, charity, scholarships etc. Privatesector transfers include charitable donations and prizes to lottery winners.

Description : Which one of the following is not included while estimating national income through income method? (1) Rent (2) Mixed incomes (3) Pension (4) Undistributed profits 

Last Answer : Pension

Description : Which of the following is not included in the National Income? (1) Imputed rent of owner-occupied houses (2) Government expenditure on making new bridges (3) Winning a lottery (4) Commission paid to an agent for sale of house 

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Description : The sum total of incomes received for the services of labour, land or capital in a country is called (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

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Description : "he national income consists of a collection of goods and services reduced to common basis by being measured in terms of money,"— Who says this? (1) Samuelson (2) Kuznets (3) Hicks (4) Pigou

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Description : The sum total of incomes received for the services of labour, land or capital in a country is called : (1) Gross domestic product (2) National income (3) Gross domestic income (4) Gross national income

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Last Answer : It is several thousands of dollars. So, much so that when they arrive they have to work off the debt to the "coyotes."

Description : Which activity is not included in production? (1) Production of wheat by a farmer (2) Production of medicines by a company (3) Services given by a nurse in hospital (4) Services done by a house-wife in her own house

Last Answer : (4) Services done by a house-wife in her own house Explanation: Services done by a house-wife in her own house are not included in production.

Description : Which activity is not included in production ? (1) Production of wheat by a farmer (2) Production of medicines by a company (3) Services given by a nurse in hospital (4) Services done by a house-wife in her own house

Last Answer : Services done by a house-wife in her own house

Description : While determining income the expenditure on which of the following items is not considered as investment? (1) Construction of factory (2) Computer (3) Increase in the stock of unsold articles (4) Stock and share in joint stock company

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