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Which of the following is not an economic activity and hence not included while estimating national income in india?

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Question

Which of the following is not an economic activity and hence not included while estimating national income in india?

Options

  • medical services rendered by a dispensary

  • a housewife doing household work

  • a lawyer doing his practice

  • a maid working full time with a family

MCQ
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Solution

a housewife doing household work

Explanation:

Not an economic activity – Although it is productive work, it is not paid, so it is not counted in national income.

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Context of the Present Book of Macroeconomics
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