Topic: Problems of National Income
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Answers to Common Questions
What is Gross National Income?
The gross nation income is the value of everything produced within the country added to whatever is gets from other countries after you subtract what it sends to other countries. For more information look here: http://en.wikipedia.org/wiki/... Read More »
Source: http://answers.ask.com/Business/Finance/what_is_gross_national_in...
What is the National Average Income?
According to figures, the national average income in March of 2008 was approximately $44,909. That is calculated by adding together all working people's income, then dividing that by the number of people working. For more information look h... Read More »
Source: http://answers.ask.com/Society/Government_and_Law/what_is_the_nat...
What is National Income?
National Income is an economic term that describes a country's income. It is derived from calculating the dollar amount of production of goods and services. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_national_income
More Common Questions
Answers to Other Common Questions
Income from foreign firms Value of inventories Calculation of depreciation Prroblem of difintion
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Source: http://wiki.answers.com/Q/What_are_the_problems_of_national_incom...
some of the problems include 1. Inadequate Data Availability 2. Double Counting 3. Non-market goods 4. Unstable market prices 5. Valuation of Agricultural goods
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Source: http://wiki.answers.com/Q/What_are_the_problems_of_calculating_na...
Very hard to get a full survey and people can lie
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Source: http://wiki.answers.com/Q/What_are_problems_associated_with_measu...
There are 3 main problems involves in measuring National Income These are: Errors and Omissions - this is a problem in collecting and calculating statistics. This is a problem as people hide what they earn and firms hide their output, to av...
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Source: http://wiki.answers.com/Q/What_are_the_problems_involved_in_measu...
1. double counting 2. unpaid services i.e house wives services 3. illegal services i.e prostitution 4. lack of facilities i.e computers 5. Trained personnel 6. change in money value(inflation) 7. difficult to measure depreciation 8. difficu...
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Source: http://wiki.answers.com/Q/What_are_the_problems_involved_in_compi...
there are comparison obstacles such as: variations in income distribution amongst different countries being compared size of black market tastes and needs proportion of national income used by the government for defence.
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Source: http://wiki.answers.com/Q/What_are_the_problems_in_comparing_nati...
inadequate data availability double counting unstable market price valuation of agricultural goods non-market goods
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Source: http://wiki.answers.com/Q/What_are_the_Problems_encountered_in_th...
