in a country with large population of full-time... - WAEC Economics 2018 Question
in a country with large population of full-time housewives, national income
A
will be composed of goods produced by women
B
figures will be grossly over-stated
C
statistics will be difficult to calculate
D
figures will be grossly under-stated
correct option: d
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year.
the income of a housewife is not counted in the National Income or the Gross National Product of the country. This will make the national income under stated
Please share this, thanks:
Add your answer
No responses