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Giving reasons, explain the treatment assigned to the following while estimating national Income: (i) Social security contributions by employees.(ii)Pension paid after retirement.

      

Giving reasons, explain the treatment assigned to the following while estimating national Income:
(i) Social security contributions by employees.
(ii)Pension paid after retirement.

  

Answers


marlyne
(i) Not included in national income because it is paid out of compensation of employees which is already included in national income.
(ii) Not included in national income in the year of actual payment because it was already counted as pension during the period when the person was employed / because it is a deferred payment.

marlinbito answered the question on May 12, 2018 at 13:04


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