1.

What precaution should be taken while estimating total productions? Explain with the example (flour and biscuits) given in textbook of economics class 10 cbsePLEASE ANSWER FAST

Answer»

Answer:

PRECAUTIONS taken while estimating total production are:

  1. IMPUTE the RENT of owner's occupied houses.
  2. Impute the value of GOODS and services that are manufactured for free distribution or self-consumption.
  3. Impute the value of fixed assets of own account production by household, government and enterprises.

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