Question : Which of the following is not included in the calculation of national income?

Option 1: Payments for government transfer programs

Option 2: Interest income earned by domestic residents from foreign investments

Option 3: Profit earned by domestic firms in foreign countries

Option 4: Payments for goods and services in the underground economy

Question : Which of the following should be included in national income or domestic income?

Option 1: Income earned by foreign residents within the domestic territory

Option 2: Income earned by domestic residents outside the domestic territory

Option 3: Income earned by foreign residents outside the domestic territory

Option 4: Income earned by domestic residents within the domestic territory

Question : Which of the following is not included in domestic income?

Option 1: Income earned by the residents of the country

Option 2: Income earned by non-residents outside the country

Option 3: Income earned by all the employees of the country

Option 4: Profit of all the industries of the country

Question : Which of the following is included in the calculation of GDP?

Option 1: Payments for government transfer programs

Option 2: Consumer spending on durable goods

Option 3: Income earned by foreign nationals in the country

Option 4: Capital gains

Question : Which of the following is not included in the calculation of national income?

Option 1: Wages paid to workers

Option 2: Rental income

Option 3: Interest income

Option 4: Profits earned by foreign firms in the country