| What is/are the problem(s) in calculating the National Income? |
| 1. Double counting |
| 2. Smuggling |
| 3. Informal transaction |
| 4. Social service of women in household |
| Select the correct answer using the codes given below. |
A) 2 and 3
B) Only 3
C) 2 and 4
D) All of these
Correct Answer: D
Solution :
[d] Double counting in National Income is due inefficiency in calculation smuggling increases the black market and informal transaction creates the parallel economy and contribution of women is not recognised in national income calculation. So, [d] is the correct answer.
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