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.
Anurag Pathak Changed status to publish December 11, 2023
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 December 11, 2023
