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    Question

    Which of the following are included while measuring

    National Income?
    A Final goods Correct Answer Incorrect Answer
    B Intermediate Goods & Marketed Goods Correct Answer Incorrect Answer
    C Final goods, Second-hand Goods, and Intermediate Goods Correct Answer Incorrect Answer
    D Intermediate Goods & Newly Produced Goods Only Correct Answer Incorrect Answer
    E All of these are included Correct Answer Incorrect Answer

    Solution

    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.

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