Goods produced for self-consumption will be included in national income
True or False with Reasons:-
Goods produced for self-consumption will be included in national income.
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True,
Such goods contribute to the current output and their imputed value will be included in national income.
Explanation:-
The goods produced for self-consumption which possess their value (price) in the market is included in the national income.
In other words, if the market price (value) of goods produced for self-consumption can be estimated with available data. It would be included in the national income.
Anurag Pathak Changed status to publish
