Problem on National income
Providing reasons, describe the treatment assigned to the following which estimates national income.(i) Family members working freely on farm owned by family.(ii) The Payment of interest on borrowings through general government.
Expert
(i) Imputed salaries of such members will be comprised in national income.
(ii) This will not be comprised in national income since it is non-factor payment as the general government borrows just for consumption purpose.
This exercise does not require you to do any research, and does not require you to cite to any references or external materials. Do not include any constitutional arguments. Like many legal and policy questions
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