Match each macroeconomic transaction with its inclusion status in National Income:
A1-A, 2-B, 3-C
B1-B, 2-A, 3-C
C1-C, 2-B, 3-A
D1-A, 2-C, 3-B
Answer & Solution
Correct answer: A. 1-A, 2-B, 3-C
Transfers and second-hand sales are excluded. Brokerage/commission on trades is included.
Keep practising National Income Accounting
Browse all National Income Accounting questions for CBSE Class 12 (Arts), or explore more Economics topics.
Related questions
Match each price adjustment metric with its macroeconomic formula:Match each national income measurement method with its core calculation:Match each national income aggregate with its accounting conversion:A television set bought by a household is best described as what?Tea leaves bought by a restaurant to sell brewed tea count as what?Which activity is left out of GDP because it is not valued in money?A refinery polluting a river and harming fishermen illustrates what?What are benefits or harms caused to others without payment or penalty called?