12th Class Economics Solved Paper - Economics 2012 Outside Delhi Set-II

  • question_answer
    Giving reason, explain how should the following be treated while estimating national income:
    (i) Expenditure on free services provided by government.
    (ii) Payment of interest by a government firm.            


    (i) It should be included because it is a government final consumption expenditure.
    (ii) It should not be included because it is an intermediate cost.

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