Which of the following would be included in calculation of national income?1. Commission paid to a salesman2. Subsidies paid to a farmer3. Social Security payments4. Payments to a part time polytechnic lecturerSelect the correct answer using codes given below:

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National income accounting is a government bookkeeping system that measures a country's economic activity - offering insight into how an economy is performing. Such a system will include total revenues by domestic corporations, wages paid, and sales and income tax data for companies.


Which of the following would be included in calculation of national income?<br><br>1. Commission paid to a salesman<br>2. Subsidies paid to a farmer<br>3. Social Security payments<br>4. Payments to a part time polytechnic lecturer<br>Select the correct answer using codes given below: