Economy, asked by pintu1098, 1 month ago

what are the precautions are used during the calculation of national income

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Answered by pragnasuneeta

Explanation:

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Answered by aamirfaiyaz03

1. Transfer payments are not included in estimating national income.

2. Imputed rent of self-occupied houses are to be included in calculating national income.

3. Illegal money through smuggling etc. are not included as they cannot be easily estimated.

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