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Q. |
Which one of the following items is included in the national income account? |
A. | Services of housewives |
B. | Income of smugglers |
C. | Services of Sadhus |
D. | Services of night-watchmen |
Answer» D. Services of night-watchmen | |
Explanation: National income is the total value a country's final output of all new goods and services produced in one year. Services provided by housewives, income of smugglers and services of sadhus can be categorized as non- economic services and thus cannot be accounted. |
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