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Give Reason Or Explain the Following Statement: Paid Services Are Included in National Income. - Economics

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Question

Give reason or explain the following statement:

Paid services are included in national income.

Short Note

Solution

Paid services are those services for which the user of those services makes payment to the service provider. Since paid services can be measured in monetary terms, and they add to the total production of the country, they are included in the national income.

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Chapter 9: National Income - Exercise 2 [Page 79]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 9 National Income
Exercise 2 | Q 2.5 | Page 79

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