Illustrate why are second hand goods not included

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Why are the following financial transactions not included in the value of national income? Securities? Government Transfer Payments? Private Transfer Payments?

Illustrate why are second hand goods not included in the value of national income

Why Does National Expenditure = National Output? Why does National Output = National Income? Explain this in terms of understanding of the circular flow

Why does GDP = C + I + G + X = Demand + Expenditure? What types of spending do these four categories represent?

Reference no: EM1347897

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Illustrate why are second hand goods not included : Illustrate why are second hand goods not included in the value of national income.

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