Please tell the answer of this question
(CH- National Income and Related Aggregates)
Dear Student
(i) Yes it is included in national income because a firm took loan for productive purpose.
(ii) Yes it is included in national income because it is a factor income.
(iii) No it is not included because an individual might took loan for self consumption.It is like a transfer payment.
Regards
(i) Yes it is included in national income because a firm took loan for productive purpose.
(ii) Yes it is included in national income because it is a factor income.
(iii) No it is not included because an individual might took loan for self consumption.It is like a transfer payment.
Regards