how to whether a given statement is included or not in the estimation national income
Solution:
We assume that your query is " how to know whether a given statement is included or not in the estimation national income?"
Answer: While calculating National Income, only value of final goods and services shall be included.Intermediate Consumption Expenditure shall not be included. Net factor income from abroad is also included while calculating national income and Consumption of Fixed Capital/ Depreciation is deducted while estimating national income.
We assume that your query is " how to know whether a given statement is included or not in the estimation national income?"
Answer: While calculating National Income, only value of final goods and services shall be included.Intermediate Consumption Expenditure shall not be included. Net factor income from abroad is also included while calculating national income and Consumption of Fixed Capital/ Depreciation is deducted while estimating national income.