Household inventory is:

Not included in national income

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A stock concept

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Both (a) and (b)

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None of these

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Solution

The correct option is C
Both (a) and (b)

Household inventory is a stock variable, and it is not included in national income.

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Similar questions

(a) Why are pensions included in national income but not old age pensions ?

(b) Calculate gross domestic product at market price using production method and income method:

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