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National Income Accounting
Question
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Are the following included in national income? Give reasons. 
(i) Bonus, (ii) Income tax, (iii) Change in stocks, (iv) Corporation tax, (v) Sale of shares, (vi) Salaries of Indians working in the office of W.H.O. located in New Delhi.

Answer

(i) Yes, because it is a deferred wage payment.
(ii) Yes, because it is a part of income of a person.
(iii) Yes, because it is a part of current production.
(iv) Yes, because it is part of profit of a joint stock company.
(v)  No, because it is a mere financial transaction involving transfer of funds only.
(vi) Yes, because staff of an international body like World Health Organisation are treated as normal resident of the country in which that body operates.

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Some More Questions From National Income Accounting Chapter

Distinguish between microeconomics and macroeconomics. Give an example of showing the difference between microeconomics and macroeconomics.

Briefly explain the following basic concepts related to NI:
 National Income (NI).

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Final Goods and Intermediate Goods. 

Briefly explain the following basic concepts related to NI:
Consumption Goods and Capital Goods

Briefly explain the following basic concepts related to NI:
Flow and Stock Concepts

Briefly explain the following basic concepts related to NI:
Gross Investment and Net Investment

Briefly explain the following basic concepts related to NI:
Domestic (Economic) Territory

Briefly explain the following basic concepts related to NI:
Normal Residents

Briefly explain the following basic concepts related to NI:
National Income at Current and Constant Prices (Nominal and Real NI).

Briefly explain the following basic concepts related to NI:
Consumption of Fixed Capital (Depreciation).