Statement 1: Intermediate goods are included in National income but not in Domestic Income
Statement 1: Intermediate goods are included in National income but not in Domestic Income.
Statement 2: Intermediate goods are used up in the same year.
Alternatives:
(a) Both the statements are true.
(b) Both the Statements are false.
(c) Statement 1 is true and Statement 2 is false.
(d) Statement 2 is true and Statement 1 is false.
Anurag Pathak Changed status to publish December 6, 2023
Ans – (d)
Statement 1: It’s false, Intermediate goods are not included in national income and domestic income.
Statement 2: It’s true, intermediate goods are used in the same year to produce final goods.
Anurag Pathak Changed status to publish December 6, 2023
