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2-3 Marks I guess.
It is not included while estimating national income because services rendered by family members cant be evaluated as they are done out of love and affection.
It is not included while estimating national income because it represents transfer of asset, not an addition to national income.
It is included in estimatng national income.
1)Wages and Salaries in Cash.
2)Wages and Salaries in Kind.
3)Employers contribution to social security schemes.
Token money is the money whose face value exceeds its cost of prodcution.
When a person deposit some money in a bank, It is called Deposit money.
Inconvertible money acts as paper money because the people have confidence in it as it is issued on the order of the Government. It is called Fiat money because the Government has declared it a legal tender.