WAEC Economics 2018 Objective — Question 32
Question 32 of 50 from the West African Examinations Council (WAEC) Economics 2018 Objective paper, with the correct answer and a full explanation.
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In a country with a large population of full-time housewives, national income
- A. will be composed of goods produced by women
- B. will be grossly over-stated
- C. statistics will be difficult to calculate
- D. figures will be grossly under-statedCorrect
Explanation
Housewives' unpaid domestic services are not counted/valued in national income statistics, causing national income to be understated.
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