Question : While using the income method to compute national income, which of the following is not to be included?
A) Income from lottery
B) Brokerage on sale and purchase of shares
C) Income from illegal activities like gambling
Option 1: A, B and C
Option 2: B and C
Option 3: A and B
Option 4: A and C
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Correct Answer: A and C
Solution : The correct option is A and C .
The national income of a country is calculated by the total value of the final goods and services produced by the residents during an accounting year.
The following items are not included in calculating national income:
- Services of housewives
- Black money
- Income from lottery.
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