WBCS.LIVE practice question

While computing Net Economic Welfare (NEW), which of the following items is subtracted from GNP?

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

Answer options

  1. Value of leisure time
  2. Adjustments for congestion of urban life
  3. Do-it-yourself activities
  4. The underground economy

Correct answer and explanation

Correct answer: Adjustments for congestion of urban life