Question on: WAEC Economics - 2018
in a country with large population of full-time housewives, national incomeĀ
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
Ask EduPadi AI for a detailed answer
Correct Option: D
National income of a countryĀ can be defined as the total market value of all final goods and services produced in the economy in a year.
theĀ incomeĀ of aĀ housewifeĀ is not counted in theĀ National IncomeĀ or the GrossĀ NationalĀ Product of the country. This will make the national income under stated
Add your answer
Please share this, thanks!
No responses