National income is calculated by summing up factor incomes (wages, rent, interest, profit) earned by factors of production within a country (NNP at factor cost) or by its residents (NNP at factor cost). Tax revenue is a transfer payment from individuals/ businesses to the government and does not represent income generated by factors of production.
Which of the following is not included in the National Income ?
Asked in APPSC Group 1 Prelims 2023 · Topic: The Governance System (Government Policies and Interventions for Development)
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