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Answer to Question #204577 in Macroeconomics for Rohit

Question #204577

.National Income is a good measure of social welfare. Do you agree with the statement? Discuss.


1
Expert's answer
2021-06-09T10:24:28-0400

Yes ;National Income adapts the commonly utilized national income accounts data to offer a new index termed the measure of economic welfare, arguing that consuming, not production, is the ultimate goal of economic activity.


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