Please answer ques 24 all parts. Not getting the answer
Q.24. Explain the following :
i) Why are imports deducted while calculating domestic product through the expenditure method.
ii) Why is indirect taxes deducted while estimating national income by expenditure method
iii) Why are free facilities given to employees included in national income
1. Beacuse imports are not a part of factor income generated in domestic tertiary of our country 2. Because by exp. Method we get GDP at MP but national income is calculated at factor price so net indirect taxes are subtracted. 3. Because these are payments in kinds so they have to be included.