State whether the following statements are true or false. 3. Money facilitates estimation of national income.

State whether the following statements are true or false.
3. Money facilitates estimation of national income.
Answer: The above statement is true. Money facilitates the estimation of national income as the value of all the goods and services produced in a country and all the factor payments made to factor inputs can be expressed in terms of money, which is summed-up to calculate national income.

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