Economics
JAMB 2022
In a country with large population of full-time house wives, national income
-
A.
will be composed of goods produced by women
-
B.
figures will be grossly over-stated
-
C.
statistics will be difficult to calculate
-
D.
figures will be grossly under-estimated
Correct Answer: Option B
Explanation
In a country with large population of full-time housewives, national income figures will be grossly over-stated because the income of the housewives may be computed in estimation of National Income which result to double counting.
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