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Which one is included in the calculation of National Income?
New Final Goods and Services
Earned Income of Indian Companies in Abroad
Expenses made by Foreign Tourists in the country
All the above
- New Final Goods and Services: These are included in the national income as they represent the value of goods and services produced within a country within a specific period.
- Earned Income of Indian Companies Abroad: This is part of the national income because it contributes to the Gross National Product (GNP), which accounts for income from domestic companies' foreign ventures.
- Expenses Made by Foreign Tourists in the Country: These are included as they represent foreign spending within the country, directly boosting the economy and adding to national income.
- All the above (Option 4): This option is correct as all the mentioned elements contribute to the national income calculation.
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