--%>
Assignment Help - homework help

Is sale of scooter is national income

Describe whether the sale of old scooter is comprised in national income?

E

Expert

Verified

The sale of old scooter is not comprised in national income since it is not produced in the present year. Its value has already been comprised in the year it was generated.

   Related Questions in Macroeconomics

  • Q : Difference on consumer willing to pay

    I have a problem in economics on Consumer Surplus-Difference consumer willing to pay and what actually pay. Please help me in the following question. The consumer surplus signifies to the difference among the: (i) Satisfaction of wealthy people and th

    		•
  • Q : Define Devaluation Devaluation means

    Devaluation means decrease in the external value of a country’s currency as an aware policy measure adopted by the Government of a country. In another words, we make our currency less costly in terms of foreign currency. This builds our goods ch

    		•
  • Q : Recovery of loans-capital receipt Why

    Why is recovery of loans taken as a capital receipt? Answer: Recovery of loans is always treated as a capital receipt since it leads to refuse in financial assets o

    		•
  • Q : Supply factors in economic growth

    Briefly explain the four supply factors in economic growth?

    		•
  • Q : Explain growth accounting. Economic

    Economic growth is measured by the rate of increase in national output, GDP. The output depends on inputs -labour, capital technology etc. the theories of economic growth bring out how and to what extent each input or factor contributes to the g

    		•
  • Q : Define Price What do you understand by

    What do you understand by the term Price (P) at Market in Economy?

    		•
  • Q : Why businessmen prefer current bank

    Describe why businessmen mostly wish to open current account in bank?

    		•
  • Q : Another name of macroeconomics What is

    What is another name of macroeconomics? Answer: Income theory

    		•
  • Q : Monetary policy-how is it decided The

    The practice explores how monetary policy influences the economy and the type of factors which are significant in finding out the Monetary Policy Committee’s decision.

    		•
  • Q : Reallocation of resources through budget

    Reallocation of resources: In case, the market economy fails or does not attain the desired social objectives, the government has to interfere via budget and reallocate resources accordingly. Through its budgetary

    		•