State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:Illegal income is not included in National Income.
Answer» Yes, I agree with this statement. The existence of a parallel or black economy is a common feature of most of the economies. Productive activities in this sector are either concealed or under reported and as a result the income generated remain unreported. It is rather difficult to estimate this income correctly. So they are not included in National Income. For example: income originating from activities as smuggling, black marketing, gambling, selling harmful drugs, etc. are excluded from National, Income. Many rich people, businessmen and landlords hide their property and wealth. No authorised registration is available for the income received so they are not included.

State with reasons whether you agree or disagree with the following statements:Illegal income is not included in National Income.

Answer»

Yes, I agree with this statement.

The existence of a parallel or black economy is a common feature of most of the economies.

Productive activities in this sector are either concealed or under reported and as a result the income generated remain unreported. It is rather difficult to estimate this income correctly. So they are not included in National Income.

For example: income originating from activities as smuggling, black marketing, gambling, selling harmful drugs, etc. are excluded from National, Income.

Many rich people, businessmen and landlords hide their property and wealth. No authorised registration is available for the income received so they are not included.

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