Teaching by a teacher to his son will be included in national income
True of False with Reasons
Teaching by a teacher to his son will be included in national income.
Anurag Pathak Changed status to publish December 11, 2023
False,
It will not be included in national income as it is a non-market transaction and it is difficult to ascertain its market value.
Explanation:-
Teaching by a teacher to his son involves love and affection. Thus its market value can not be ascertained due to the non-availability of the data.
In other words, the services with love and affection are cost less.
Anurag Pathak Changed status to publish December 11, 2023
