JAMB - Economics (2022 - No. 65)
In a country with large population of full-time house wives, national income
will be composed of goods produced by women
figures will be grossly over-stated
statistics will be difficult to calculate
figures will be grossly under-estimated
Explanation
In a country with large population of full-time housewives, national income figures will be grossly over-stated because the income of the housewives may be computed in estimation of National Income which result to double counting.
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