Economics · National Income
Consider the following statements regarding the estimation of national income: Assertion (A): Pocket money given by parents to their children is excluded while estimating national income. Reason (R): It represents a transfer payment from parents to children.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A is false but R is true✓
- 2Both A and R are true, but R is not the correct explanation of A
- 3A is true and R is false
- 4Both A and R are true, and R is the correct explanation of A
Correct answer
A is false but R is true
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