Economics · National Income Accounting
Which of the following statements is true regarding National Income?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Transfers from rest of the world are included in national income.
- 2Intermediate goods are not included in national income to avoid double counting.✓
- 3Services to members of family are included in national income.
- 4Transfer payments are included in national income.
Correct answer
Intermediate goods are not included in national income to avoid double counting.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice National Income Accounting MCQs →Want more practice questions on National Income Accounting?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · National Income Accounting