Please tell me the answer for this one...
Dear Student,
i) Expenditure on maintenance of office building is not included while estimating national income as there is no production of goods & services. It is a part of Intermediate Consumption Expenditure.
ii) Expenditure on adding floor to an office building will be included in the national income as a part of Gross Domestic Fixed Capital Formation.
iii) Subsidy on wheat produced will be included in national income as it leads to production of goods and services. It will be added as a part of Net Indirect Taxes.
Regards
i) Expenditure on maintenance of office building is not included while estimating national income as there is no production of goods & services. It is a part of Intermediate Consumption Expenditure.
ii) Expenditure on adding floor to an office building will be included in the national income as a part of Gross Domestic Fixed Capital Formation.
iii) Subsidy on wheat produced will be included in national income as it leads to production of goods and services. It will be added as a part of Net Indirect Taxes.
Regards