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WAEC Economics 2019 Question 33

Question 33

National Income

Which of the following factors will not underestimate the national income?

  1. A.Rapid decrease in prices
  2. B.Increased subsistence production
  3. C.Practice of specialization of labour
  4. D.Increase in value of services not paid for
Show the answer and explanation

Answer: C (Practice of specialization of labour)

Explanation

With specialisation more output is sold and recorded, so it does not lead to underestimation.