Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: National Income Accounting

Question:

Which of the following is NOT included in the estimation of National Income?

Options:

Brokerage on sale of 2nd hand goods

Imputed value of production for self-consumption

Activities done in leisure time

Contribution of employer in the provident fund

Correct Answer:

Activities done in leisure time

Explanation:

Only those activities are included in the computation of National Income which add to the flow of goods and service. As, leisure activities do not add up to these, hence, they are not included in the calculations.