Practicing Success
Practicing Success
CUET Preparation Today
In the question given below there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options. Assertion (A)- The value of only final goods and services produced in the economy is considered while calculating National income. Reason (R)- National income is always expressed in monetary terms. |
Both (A) and (R) are true and (R) is the correct explanation. Both (A) and (R) are true but (R) is not the correct explanation of (A). (A) Is true but (R) is false. (A) Is false but (R) is true. |
Both (A) and (R) are true but (R) is not the correct explanation of (A). |
Value of only finals goods and services are taken while calculating National income. This is done to avoid double counting of intermediate goods . National income is always expressed in monetary terms. |
