Q.

In calculating National Income which of the following is included?

A. Services of housewives
B. Pensions
C. Income of smugglers
D. Income of watchmen
Answer» D. Income of watchmen
Explanation: National Income is defined as the sum total of all the goods and services produced in a country, in a particular period of time. Normally this period consists of one year duration, as a year is neither too short nor long a period. National product is usually used synonymous with National income.
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