Question

Assertion and Reasoning type question.

Assertion (A): In national income, value of only final goods and services produced in the economy are considered.

Reasoning (R): National income is always expressed in monetary terms.

Options

• (A) is True but (R) is False.

• (A) is False but (R) is True.

• Both (A) and (R) are True and (R) is the correct explanation of (A).

• Both (A) and (R) are True and (R) is not the correct explanation of (A).

Answer 1

Both (A) and (R) are True and (R) is not the correct explanation of (A).