Question

Which of the following are included while measuring National Income?

Q: Answer-Which of the following are included while measuring National Income?

Only Final goods are included while calculation of NI. Including Intermediate goods leads to double counting and are not included. Same is the case with second hand goods.

A Final goods

B Intermediate Goods & Marketed Goods

C Final goods, Second-hand Goods, and Intermediate Goods

D Intermediate Goods & Newly Produced Goods Only

E All of these are included

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Which of the following are included while measuring National Income?

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