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
Answer (1)
24th Jan, 2024
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.
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