Multiple choice

Which of the following is not included in the National Income?

  1. Imputed rent of owner-occupied houses

  2. Government expenditure on making new bridges

  3. Winning a lottery

  4. Commission paid to an agent for sale of a house

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

National Income accounts for the value of goods and services produced. Lottery winnings are considered transfer payments or windfalls, not income generated from productive economic activity.