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Passage“The conceptual difficulties in National Income comparisons between underdeveloped and industrialised countries are particularly serious because a part of the national output in various underdeveloped countries is produced without passing through the commercial channels.” In the above statement, the author implies that:(a) the entire national output produced and consumed in industrialized countries passes through commercial channels(b) the existence of a non-commercialized sector in different underdeveloped countries renders the national income comparisons over countries difficult(c) no part of national output should be produced and consumed without passing through commercial channels(d) a part of the national output being produced and consumed without passing through commercial channels is a sign of underdevelopment |
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Answer» (d) According to the author, the national output has to pass through the commercial channels, before consumption, lacking which would lead to loss of income, leading to underdevelopment and economic disparity. |
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