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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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