Question : Which of the following is included in national income based on the income method?
Option 1: Personal savings
Option 2: Corporate profits
Option 3: Government transfers
Option 4: Imports
Correct Answer: Corporate profits
Solution : The correct answer is (b) Corporate profits
Corporate profits, or the profits earned by businesses and corporations, are considered a part of the income generated in the economy and are included in the calculation of national income using the income method.
Question : Which of the following is NOT included in national income based on the expenditure method?
Question : Which of the following is NOT included in the calculation of national income?
Question : Which of the following is included in national income based on the expenditure method?
Question : Which of the following precautions are taken while calculating national income from income method?
Question : The personal income of households can be calculated in which of the following ways?
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