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Why are pure exchange transactions excluded from national income? - Economics

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प्रश्न

Why are pure exchange transactions excluded from national income?

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उत्तर

Pure exchange transactions are excluded from national income because they do not involve new output and would be a false indicator of a country's actual economic activity. 

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पाठ 18: National Income and Circular Flow of Income - TEST YOURSELF QUESTIONS [पृष्ठ ३६२]

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फ्रँक Economics [English] Class 12 ISC
पाठ 18 National Income and Circular Flow of Income
TEST YOURSELF QUESTIONS | Q 3. | पृष्ठ ३६२
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