Complete the correlation : Theoretical difficulty : Unpaid services : : ______ : Valuation of inventories
Q.1 (B) (iii) Complete the correlation : Theoretical difficulty : Unpaid services : : ______ : Valuation of inventories
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Answer: Practical difficulty
Treatment of unpaid services (e.g. services of a housewife) is a theoretical (conceptual) difficulty in measuring national income. Valuation of inventories (raw materials, semi-finished and finished goods in stock) under changing prices is a practical difficulty faced while measuring national income.
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· 28 Oct 2026
AI-verified · Oct 2026
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