Economy › Pakistan Economy › Question #19433
Single Choice Moderate

QThe value of the vegetables a retired school teacher grows in his lawn is excluded from the calculation of national income because:

ID: #19433 Pakistan Economy 78 views
Question Info
#19433Q ID
ModerateDifficulty
Pakistan EconomyTopic
Start Quiz on This Topic
 Your Answer

Choose the Best Option

Click any option to instantly check if you're correct.

  • A Retired person's activities are not included in calculating national income ✔ ✖
  • B The goods are not exchanged through the market mechanism ✔ ✖
  • C It would involve double counting ✔ ✖
  • D There is no way of imputing the value of such goods. ✔ ✖
Correct Answer

Explanation

There is no way of imputing the value of such goods.
 Continue Practice
Previous Question Next Question
 Share

Share This Question

Challenge a friend or share with your study group.

 More from This Topic

Related MCQ Questions

Which five year plan of Pakistan is yet to be implemented? In 1947 how many states did take part in the General Agreement on Tariffs and Trade trade round in Geneva? Which sector is the largest and fastest growing sector of the world economy, providing more than 60% of global Pinpoint the main objectives of World Trade Organization (WTO): The minimum number of persons populated in one square kilometer of area are in: National income is essentially composed of The exploitation of countries is called: developing countries by advanced. What is the share of wheat crop in total cropped area of Pakistan? A measure taken in respect of economic activity that has the intention of damage to another country's eco Identity the false statement among the followings: