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
A limited company may contain legal personality, but it is not a human being able of taking decisions and plans regarding to the business and exercising control over it.
The embryo builds up into an adult plant along with roots, stem and leaves because of the activity of the apical meristem.
it is significant to take great care throughout the bearing removal to make sure that the bearing, shaft and housing are not broken. bearing removal is best accomplished through using a bearing puller for standard outer and inner rings.
tutorsglobe.com flower-a metamorphosed shoot assignment help-homework help by online flowers fruits and seeds tutors
other properties of liquids tutorial all along with the key concepts of vaporization, differences between evaporation and boiling, trouton's rule, liquid crystals and liquid crystal phases
We all are well known with the everyday routine; we rinse our hair and after that automatically pick up the hairdryer, flip the switch and there are the warm air to dry fast and let us get on with the day.
tutorsglobe.com flowers fruits and seeds assignment help-homework help by online plant morphology tutors
www.tutorsglobe.com offers compounds with several stereogenic centers homework help, compounds with several stereogenic centers assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
Postulates of Quantum Mechanics tutorial all along with the key concepts of Physical meaning of the Wave-function, Quantum Mechanical Operators, Collapse of the Wave-function and Correspondence Principle
Theory and lecture notes of Unemployment Rate all along with the key concepts of the unemployment rate, Frictional unemployment, Cyclical unemploymenthomework help, Joblessness rate. Tutorsglobe offers homework help, assignment help and tutor’s assistance on Unemployment Rate.
Theory and lecture notes of LM Curve Money all along with the key concepts of lm curve, Money Demand Varies as Total Income, From Money Demand to the LM Curve. Tutorsglobe offers homework help, assignment help and tutor’s assistance on LM Curve Money.
identify the fault occurred in am radio receiver (50 hz hum sound) and rectified it
tutorsglobe.com antigenicity assignment help-homework help by online antigens tutors
tutorsglobe.com infections assignment help-homework help by online immunology tutors
tutorsglobe.com nuclear reactions occurring in sun assignment help-homework help by online nuclear reaction tutors
1949510
Questions Asked
3689
Tutors
1473297
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!