Question

    Which of the following is not included in the National

    Income?
    A Imputed rent of owner-occupied houses Correct Answer Incorrect Answer
    B Government expenditure on making new bridges Correct Answer Incorrect Answer
    C Winning a lottery Correct Answer Incorrect Answer
    D Commission paid to an agent for the sale of a house Correct Answer Incorrect Answer

    Solution

    Winning a lottery is considered a transfer payment and is not included in the calculation of national income. 

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