Practicing Success
Which of the following will not be included in the estimation of national income? |
Rajan sold his 2nd hand car Value of rice while preparing rice flour Sale of equity shares of SBI All of the above |
All of the above |
Sale of 2nd hand goods will not be included in the calculation of national income as it has not caused any addition to flow of goods and services in the market. Value of rice will not be included as it is an intermediate product and will lead to double counting in the estimation. Sale of equity shares is mere transfer of ownership and no value addition has taken place. |