Question : Which of the following is not included in the calculation of national income?
Option 1: Rental income
Option 2: Interest income
Option 3: Dividend income
Option 4: Transfer payments
Correct Answer: Transfer payments
Solution : The correct answer is d) Transfer payments.
Transfer payments, such as welfare benefits, subsidies, or grants, are not included in the calculation of national income. Transfer payments are transfers of income from one group to another and do not represent current production or the creation of goods and services.
Question : Which of the following is included in the calculation of national income?
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