Wheat grown by a farmer and kept for his family's own use is

left out, because it is not soldCorrect answerYour answercounted as a transfer paymentCorrect answerYour answercounted only if the farmer pays tax on itCorrect answerYour answerincluded in national income at its estimated market valueCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

It is current production, valued at what it would fetch in the market.

Concept: Production for self-consumption
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsWhat is counted and what is not

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Wheat grown by a farmer and kept for his family's own use is

Explanation