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Tamil Nadu Board of Secondary EducationHSC Commerce Class 12

Why is self consumption difficult in measuring national income? - Economics

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Question

Why is self-consumption difficult in measuring national income?

Short Note

Solution

  • Farmers keep a large portion of food and other goods produced on the farm for self-consumption.
  • The problem is whether that part of the product which is not sold in the market can be included in national income or not.
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Precautions and Difficulties of Measuring National Income Method
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Chapter 2: National Income - Model Questions [Page 34]

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Samacheer Kalvi Economics [English] Class 12 TN Board
Chapter 2 National Income
Model Questions | Q 27. | Page 34
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