Problems Involved in Comparing National Income over Time
a) Changes in price level
We must take into account of price changes (CPI) to give a more accurate picture of actual increase in National Income (NY).
b) Changes in the quality of goods
Goods generally improve in its quality over time.
As it is difficult to measure quality improvement, any changes in NY may be underestimated.
c) Changes in the distribution of NY
If the increase in NY is not equitable (or evenly distributed), then it is inevitable that some people will be better off and some are even worse off.
d) Changes in the size and composition of population
An increase in the size of the population does not necessarily bring about an increase in NY as such increase may be largely due to an increase in the number of dependents. This will increase the burden of those who are working and hence, will now be worse off in real terms.
Email based economics assignment help - homework help at TutorsGlobe
Are you searching economics tutor for help with Comparison of National Income over Time questions? Comparison of National Income over Time topic is not easier to learn without external help? We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Comparison of National Income over Time related problems. We provide step by step Comparison of National Income over Time question's answers with 100% plagiarism free content. We prepare quality content and notes for Comparison of National Income over Time topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for homework help
AICPA (American Institute of Certified Public Accountants), Financial Accounting Standards Board (FASB) statements and Interpretations, AICPA Accounting Research Bulletins (ARB) and Accounting Principles Board (APB) Opinions.
Protozoa tutorial all along with the key concepts of Locomotor structures, Food gathering structures, Osmoregulatory structures, Protective Structures, Life cycle phases-Protozoa and Protozoan Reproduction
Get your complicated assignments resolved by qualified Feminist Philosophy Assignment Help tutors at rational prices.
Theory and lecture notes of Finite Difference Method-Nonlinear ODE all along with the key concepts of differential equations, Heat conduction with radiation, Relaxation Method, Implementing the Relaxation Method. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Finite Difference Method-Nonlinear ODE.
Theory and lecture notes of Turing machines: concepts, varieties and simulation all along with the key concepts of Non-deterministic TM, Example of a simulation, Universal TM, Duplicate a bit string. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Turing machines.
Field Theories tutorial all along with the key concepts of Ligand and Crystal Field theory, Valence Bond Theory, Molecular Orbital Theory, Differences between the valence bond and molecular orbital theories and Crystal Field theory
theory and lecture notes of bipolar junction diode ii, all along with the key concepts of forward bias conditions, reverse bias conditions, barrier potential, minority carrier concentration and ideal diode equation. tutorsglobe offers homework help, assignment help and tutor’s assistance on bipolar junction diode ii.
www.tutorsglobe.com offers acids and bases homework help, acids and bases assignment help, online tutoring assistance, inorganic chemistry solutions by online qualified tutor's help.
The Eye tutorial all along with the key concepts of vertical section of human eye, Power of the Lens, Eye Defects and their Corrections, Farsightedness (hyperopia), Nearsightedness (or myopia)
theory and lecture notes of comparative statics as a method of analysis all along with the key concepts of comparative statics as a method of analysis, homework help, assignment help, equilibrium in the flexible-price model. tutorsglobe offers homework help, assignment help and tutor’s assistance on comparative statics as a method of analysis.
tutorsglobe.com azolla assignment help-homework help by online biofertilizer tutors
tutorsglobe.com chemical nature of protoplasm assignment help-homework help by online properties of protoplasm tutors
theory and lecture notes of applications of determinants and matrices all along with the key concepts of area of a triangle, heron's formula, determinants, test for collinear points, cramer's rule and cryptography. tutorsglobe offers homework help, assignment help and tutor’s assistance on applications of determinants and matrices.
tutorsglobe.com laboratory diagnosis of shigella assignment help-homework help by online shigella tutors
Microwave transmission considers to the technology of transmitting information through the make use of the radio waves which wavelengths are measured conveniently in small numbers of centimetres, via using several electronic technologies.
1939996
Questions Asked
3689
Tutors
1473275
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!