Read the two statements and choose the correct option.
I. The services of a homemaker are left out of national income.
II. The services of a paid cook are included in national income.

Only ICorrect answerYour answerOnly IICorrect answerYour answerBoth I and IICorrect answerYour answerNeither I nor IICorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer C

Correct answer: C

Unpaid work at home has no market price and is hard to value, so it is left out. I is true.
A paid cook sells a service for a wage, so it is counted. II is true.

Ten questions from Measuring National Income, at your own pace.

Ten questions from Measuring National Income, at your own pace.

Read the two statements and choose the correct option.I. The services of a homemaker are left out of national income.II. The services of a paid cook are included in national income.