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in a country with large population of full-time housewives, national income

in a country with large population of full-time housewives, national income
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Will be composed of goods produced by women
  • B Figures will be grossly over-stated
  • C Statistics will be difficult to calculate
  • D Figures will be grossly under-stated
Correct Answer: Option D
Explanation:
National income of a country can be defined as the total market value of all final goods and services produced in the economy in a year.
the income of a housewife is not counted in the National Income or the Gross National Product of the country. This will make the national income under stated

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