Choose the given statement as true/false:

Domestic work performed by women is not accounted in the national income.

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True

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Detailed Solution

The above statement is true.
Domestic work performed by women is not accounted for in GDP and national income calculations. This is mainly because work at home is not produced in the market. That is, services rendered at home are not produced for sale in the economy but are a personal activity. It is also impossible to evaluate the value of service rendered by mothers who perform domestic activities for the households. In terms of numerical data analysis, domestic work done by women has little impact on the economy's progress. In the case of mothers performing unpaid domestic work, there is no exchange of money or value and therefore are not accounted for in the national income.

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