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G iving reason, explain the treatment …

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G iving reason, explain the treatment assigned to the following while estimating national income: 1. Payment of income tax by a firm. 2. Festival gift to employees.
  • 2 answers

Ramanpreet Kaur 5 years, 1 month ago

Thanks☺️

Yogita Ingle 5 years, 1 month ago

(i) Imputed salaries of family members will be included in national income.

(ii) Interest will not be included in national income because borrowings by general government is treated for consumption purposes.

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