Civil Services WBCS (Executive) Prelims + Mains Mock Tests 2025 General Knowledge Economy National Income Accounting
Why is it important to distinguish between final and intermediate goods/services in national income accounting?
1
It helps track changes in consumer preferences and market demand.
2
This helps in more accurate measurement of economic growth and productivity.
3
Provides insight into the distribution of income among different sectors.
4
It helps to determine the overall quality of goods and services produced.