Economic Awareness - Sectors of Indian Economy
Which of the following is NOT a limitation of national income data?
Which of the following is NOT a limitation of national income data?
easy Q3 of 15
Step-by-Step Solution
Step 1: Understand what national income excludes
National income data excludes illegal activities, non-monetary transactions, and underestimates informal sector income.Step 2: Analyze options
Inclusion of environmental degradation costs is NOT a limitation because such costs are actually ignored (not included or deducted).Final Answer:
Inclusion of environmental degradation costs → Option BQuick Check:
Inclusion of environmental degradation costs = correct ✅
Quick Trick: National income ignores environmental costs.
Common Mistakes:
- Confusing what national income actually includes or excludes.
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