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Services of housewives are included in national income. (State whether the statement is TRUE or FALSE) |
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Answer» False Explanation: Services of HOUSEWIVES are included in national INCOME. - False Money value of the goods and services generated during the financial year in a nation. In other words, as a national income, the final outcome of all the nation's economic ACTIVITIES over a PERIOD of one year, valued in terms of money, is called. The housewives services are not included in the national income because the market value of such a service is hard to assess. |
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