Economics
WAEC 2024
National income estimates will be understated as a result of the activities of
-
A.
subsistence farmers.
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B.
musicians.
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C.
laundry women.
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D.
housekeepers.
Correct Answer: Option A
Explanation
A: The activities of subsistence farmers are not quantified in monetary terms. Thus, this will lead to underestimation of the national income.
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