WBCS.LIVE practice question

Which of the following is correct regarding the National income? I. Intermediate goods are not included in the calculation of national income. II.Final goods are included in the calculation of national income.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Only II
  2. Neither I nor II
  3. Only I
  4. Both I and II

Correct answer and explanation

Correct answer: Both I and II