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Question is

Why are the following not included in national income? Give reasons. 

(i)    SPurchase of second-hand machine from a domestic firm.

(ii)    SPurchase of new shares of a domestic firm.

(iii)    Scholarship to students by the government.

(iv)    Commission paid to the dealer of second hand goods for buying such goods.

(v)    Wealth tax

(vi)    Indirect tax (like sale tax or excise duty)

(vii)    Old age pension

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