Whether the following items will be included in National Income ? Give reasons for your answer. expenditure incurredby a person to buy a cricket match ticket
Dear student,
Expenditure incurred by a person to buy a cricket match ticket is a private final consumption expenditure as he spent the money for enjoying a cricket match himself. We know that National Income calculation involves expenditure on final goods thus it should be included in National Income.
Regards
Expenditure incurred by a person to buy a cricket match ticket is a private final consumption expenditure as he spent the money for enjoying a cricket match himself. We know that National Income calculation involves expenditure on final goods thus it should be included in National Income.
Regards