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 non suppurative sequelae assignment help-homework help by online streptococcal diseases tutors
www.tutorsglobe.com offers production cost homework help, production cost assignment help, answering questions to production cost, short- run costs, fixed costs and variable costs, economics solutions by qualified economics tutors.
tutorsglobe.com underground modifications assignment help-homework help by online modifications of stem tutors
Utility of Financial Accounting gives well specified rules and principles of recording business transactions.
There is broad agreement that financial reporting standards have enhanced the quality of financial statements. However, we should be aware to the potential problems related with their use.
The main idea behind hair dryers is pretty much simple, but generating one for mass consumption needs some hard thinking regarding to the safety features.
Reproduction in Plants tutorial all along with the key concepts of Asexual Reproduction, Sexual Reproduction in Flowering Plants, Pollination, Fertilization and Germination
Scheduled routine maintenance and inspection is the key to minimizing motor problems. The occurrence of routine maintenance changes extensively among the applications.
tutorsglobe.com phagocytosis assignment help-homework help by online natural immunity tutors
Diffraction and Resolution tutorial all along with the key concepts of Diffraction and Image formation, Resolving power of Optical instruments, Resolving Power of Astronomical Telescope, Resolving Power of Microscope and X-ray diffraction
tutorsglobe.com exons and introns assignment help-homework help by online chromosomal basis of inheritance tutors
For Soldering, electric irons are usually employed on small armatures and gas irons on the larger ones.
Respiration in Plants tutorial all along with the key concepts of Respiratory System in Plants, Types of respiration, Steps in the Aerobic respiration, Conditions influencing Respiration.
picture is not in centre; sound ok, pincushion effect, barrel shaped picture, neck shadow, tilted picture, picture bend in corners, a bright spot in the centre of the screen, total sync. loss, no raster (or) no light on the screen; sound ok, insufficient brightness (or) dark picture.
Sources, Types and Effects of Environmental Pollution tutorial all along with the key concepts of Types & Causes of Pollution, Effects of Pollution, About pollution
1962250
Questions Asked
3689
Tutors
1463496
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!