Which of these is included in national income?

Services of a homemaker in her own homeCorrect answerYour answerImputed rent of a house lived in by its ownerCorrect answerYour answerPrize money won in a lotteryCorrect answerYour answerPurchase of shares of a companyCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer B

Correct answer: B

Owner-occupied housing provides a service; its estimated rent is counted.
Homemakers' services are left out because they are hard to value; lottery prizes are windfalls; shares are financial assets.

Concept: Imputed rent
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsWhat is counted and what is not

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Which of these is included in national income?

Explanation