Difficulties in the Measurement of National Income
a) Danger of Double Counting
Only final goods must be included while all intermediate goods must be excluded. Thus to avoid double counting, we only sum up the value added at each stages of production.
b) Unpaid Activities
Generally, unpaid services such as housewife services or voluntary services should be excluded.
c) Treatment of Government Expenditure
Any payment by the government that do not give rise to any economic activity will not be considered as government expenditure, and hence must be excluded in the calculation of National Income. These expenditure are merely transfer payments.
d) Inadequate and Inaccurate Information
Some important information may not be available due to illiteracy and ignorance of the people to keep proper record. In many cases, false information on income are given to avoid paying high taxes.
e) Depreciation and Stock Valuation Method
Different depreciation and stock valuation methods used will produce different results and hence different National Income figures.
Email based economics assignment help - homework help at TutorsGlobe
Are you searching economics tutor for help with Difficulties in measurement of National Income questions? Difficulties in measurement of National Income 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 Difficulties in measurement of National Income related problems. We provide step by step Difficulties in measurement of National Income question's answers with 100% plagiarism free content. We prepare quality content and notes for Difficulties in measurement of National Income topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for homework help
tutorsglobe.com bacteria assignment help-homework help by online infections tutors
tutorsglobe.com fixation assignment help-homework help by online dark reactions tutors
Bryohytes tutorial all along with the key concepts of Characteristics of Bryophytes, Morphology of Bryophytes, Features of Marchantia, Characteristics of Funaria and Adaptation of Bryophytes
Electron Configuration tutorial all along with the key concepts of Definition of Configuration, Electron Atomic and Molecular Orbitals, Notation, Grounds State and Excited State, Aufbau principle
Alkaloids tutorial all along with the key concepts of History of Alkaloid, Properties of Alkaloid, Distribution in Nature of alkaloid, Extraction of alkaloid, Biosynthesis of Alkaloids, biological role of Alkaloids and Applications of Alkaloids
tutorsglobe.com viral infections assignment help-homework help by online infections tutors
www.tutorsglobe.com offers system characteristics homework help, system characteristics assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
www.tutorsglobe.com offers Data Warehouse homework help, assignment help, case study, writing homework help, online tutoring assistance by computer science tutors.
Chordates tutorial all along with the key concepts of Characteristics of Chordates, Classification of Chordates, Hemichordata, Urochordata, Cephalochordata Subphylum Cephalochordata
Theory and lecture notes of Measures of Central Tendency all along with the key concepts of Measures of central tendency, Mean, Median, Mode, Midrange, Raw Data, Ungrouped Frequency Distribution and Grouped Frequency Distribution. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Measures of Central Tendency.
tutorsglobe.com structure of a prokaryotic cell assignment help-homework help by online prokaryotes tutors
Practical Chemistry tutorial all along with the key concepts of The laboratory, Bench space, Fume cupboards, Apparatus and glassware, Solvent stills, Procuring chemicals and equipment, Carrying out reactions, Disposal of residues, General behavior and awareness
identification of the fault in a given dvd player - switch on both of the t.v and dvd. open the door of the dvd disc and keep a mp3 disc. dvd and tv display "no-disc" in the screen.
tutorsglobe.com circulation assignment help-homework help by online human physiology tutors
Cost reduction as stated above includes real and stable reduction in costs. It is a permanent process. Though, it needs co-operation of people at all levels.
1961843
Questions Asked
3689
Tutors
1455669
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!