No. The appearance of the blog does not create any income from ad clickers. More to the point is this. No blogger initiated advertising, retailing or reselling the work or products created or services provided by anyone other than yourself is allowed on free hosted wordpress.COM blogs. E-commerce transactions via shopping carts and the like cannot be conducted on free blogs from and being free hosted by wordpress.COM
The advertising exceptions noted in support documentation are for high traffic blogs that qualify for and are accepted into the Ad Control program, soon to be replaced with the WordAds program, and for extremely high traffic blogs that qualify and are accepted into the paid VIP hosting program.
The WordAds program is not for new blogs. It's for well established blogs that have 20,000 pafe views or more each month and are on their own domains ie. not on .wordpress.com sub-domians http://en.wordpress.com/apply-for-wordads/