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Economics miscellaneous

  1. While estimating national income which of the following is not taken into account?
    1. Services of a teacher
    2. Services of a doctor
    3. Services of a housewife
    4. Services of a maid servant
Correct Option: C

Services provided by housewives can be categorized as non-economic services and thus cannot be accounted in national income which is the sum total of all the goods and services produced in a country, in a particular period of time.



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