Multiple choice

Which of the following factors is considered while calculating national income?

  1. Income from lottery

  2. Income of gamblers, smugglers, thieves etc

  3. Pension

  4. Income from the sale of second hand goods
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

National income calculations typically include transfer payments like pensions, as they are considered part of the income flow, whereas lottery winnings and illegal activities are excluded.

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