MCQOPTIONS
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| 1. |
The value of the vegetables a retired school teacher grows in his lawn is excluded from the calculation of national income because: |
| 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. |
| Answer» E. | |