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Non-Competitive Markets
While estimating national income, how will you treat the following? Give reasons for your answer. (
(i) Imputed rent of self-occupied houses.
(ii) Interest received on debentures.
(iii) Financial help received by flood victims.
(i) Imputed rent is included because it is a part of factor income generated by selfoccupied houses by providing housing services.
(ii) Included because interest is a part of factor income generated by debentures.
(iii) Not included as Financial help to flood victims is merely a transfer payment.
Sponsor Area
Giving reasons categorise the following into stocks and flows:
(i) Losses (ii) Capital (iii) Production (iv) Wealth.
Value of Output vs. Value Added
Factor Payment (Income) vs. Transfer Payment (Income)
Sponsor Area
Sponsor Area