Question : In calculating National Income which of the following is included?
Option 1: Services of housewives
Option 2: Pensions
Option 3: Income of smugglers
Option 4: Income of watchmen
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Correct Answer: Income of watchmen
Solution : Correct Answer is Income of watchmen
The National Income also includes the wages of watchmen. A nation's economic activity determines its national income. By calculating the national income, the government can assess a nation's economic development, make plans for future growth, and establish its economic policy.
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