Goods produced for self-consumption will be included in the National Income.
True of False with Reasons:
Goods produced for self-consumption will be included in the 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:-
in simple words, the market value of goods produced for self-consumption can be ascertained with available data. Thus it adds to the current flow of goods and services.
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