📝 Multiple Choice Question
Economics
Which of the following is NOT included while estimating National Income? I. Goods sold by street hawkers II. Services of housewives III. Production of vegetable in kitchen garden
A
Only II and III
B
Only I and II
C
Only III
D
All I, II and III
Explanation
Non-market transactions (like domestic work) and highly unorganized sector activities are practically excluded from official National Income estimates due to the immense difficulty in monetizing and measuring their exact economic value.
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