Which of the following items is not included in measuring national income by the income approach?
- Profits of companies
- Rents on property
-
Student's grants and scholarships
- Wages and salaries of public servants
The correct answer is: 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