State with valid reason, which of the following statement is true or false:
a. Amit is living in his own house. So, rent of his house should not be
included in national income.
b. Gross investment can be equal to net investment.
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False. Amit also enjoys the housing services similar to those people who stay in rented houses. So, imputed rent of his house will be included in national income.
True . It is possible when depreciation is zero.
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