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      Question

      Which of the following does not enter into the

      calculation of national income?
      A Exchange of previously produced goods Correct Answer Incorrect Answer
      B Exchange of second hand goods Correct Answer Incorrect Answer
      C Exchange of stocks and bonds Correct Answer Incorrect Answer
      D All the above Correct Answer Incorrect Answer

      Solution

      National income includes only current production of goods & services. Secondhand goods and financial asset transactions are excluded.

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