Which of the following items is not included in measuring national income by the income approach?
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Correct Answer: Option C
Explanation:
National income using the income approach is calculated as; National Income = Rent + Wages + Interest + Profit + Mixed-Income.
Student's grants and scholarships are not included in the calculation of national income
National income using the income approach is calculated as; National Income = Rent + Wages + Interest + Profit + Mixed-Income.
Student's grants and scholarships are not included in the calculation of national income