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State wheather the following statement is …

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State wheather the following statement is true or false .give reasons: 1.goods produced for self consumption will be included in nation income. 2.treatment by a doctor to is son will be included in national income. 3. Increase in stock of consumer durables with household will contribute to capital formation . 4.free services provided by the governnent will not be included in national income.

Posted by Suman Sharma 5 years, 4 months ago

CBSE > Class 12 > Economics

1 answers

Vishal Shah 5 years, 4 months ago

1 - yes, it will be included in national income because goods produced for self consumption adds to the current flow of goods and services. 2- No , as it difficult to determine services provided by family member to each other.

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