in a country with large population of full-time housewives, national income
A. will be composed of goods produced by women B. figures will be grossly over-stated C. statistics will be difficult to calculate D. figures will be grossly under-stated
Correct Answer: D
Explanation
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year. the income of a housewife is not counted in the National Income or the Gross National Product of the country. This will make the national income under stated
