--%>
Assignment Help - homework help

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.

E

Expert

Verified

(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.

   Related Questions in Financial Accounting

  • Q : What is Gresham’s Law What do you mean

    What do you mean by the Gresham’s Law?

    		•
  • Q : What is Asset Disposition Asset

    Asset Disposition: Getting rid of the asset or security via a direct sale or some other technique. Quite frequently you will observe insider trades report a "disposition" of some number of shares; this merely means that they sold them.

    Q : Analyse the ramifications for

    HOMEWORK ASSIGNMENT FOR ADMINISTRATIVE LAW"The problem in today's complex legal environment is that the law is not able to be divided conveniently into segments. Any apparently discrete sect

    		•
  • Q : Special drawing rights Discuss how the

    Discuss how the special drawing rights (SDR) are formed. And also, explain the circumstances due to which SDR was created.

    		•
  • Q : Define deviance Define deviance ; give

    Define deviance; give three illustrations of deviant behavior and use them to explain why deviance is socially constructed.

    		•
  • Q : Official reserve assets Describe the

    Describe the official reserve assets and some of its important components.

    		•
  • Q : APV capital budgeting framework How APV

    How APV capital budgeting framework is useful for analyzing the foreign capital expenditures?

    		•
  • Q : Creatives and Suites What happens when

    What happens when creativity based on individual exceptionalism has evolved as part of the orthodoxy of Western managerial practice is applied within a creative business organisation in the business of “symbolic production&rdquo

    		•
  • Q : Define Revenue Revenue : The amount

    Revenue: The amount (sum) of money which a company really receives throughout a specific period, comprising discounts and deductions for the returned merchandise. This is the "top line" or "annual income" figure from which costs are subtracted to find

    		•
  • Q : Closed-end country funds trading at

    Why closed-end country funds often trade at the premium or discount?

    		•