Assertion (A): Production of services for self-consumption are not included in national income.
Assertion (A): Production of services for self-consumption are not included in national income.
Reason (R): Domestic Services are already included in the value of final goods. If they are included again. It will lead to double counting.
Alternatives:
(a) Both Assertion (A) and Reason (R) are True and Reason (R) is the correct explanation of Assertion (A).
(b) Both Assertion (A) and Reason (R) are True and Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is True but Reason (R) is False.
(d) Assertion (A) is False but Reason (R) is True.
Anurag Pathak Changed status to publish December 10, 2023
Ans – (c)
Assertion (A) is true as production of services for self consumption are not included in national income as market value of these can not be ascertained as non-availability of the data.
Reason (R) is false as domestic services are included in the national income.
Anurag Pathak Changed status to publish December 10, 2023
