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Economics miscellaneous

  1. Which one of the following items is included in the national income account?
    1. Services of housewives
    2. Income of smugglers
    3. Services of Sadhus
    4. Services of night-watchmen
Correct Option: D

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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