Methods of calculating national income, Business Economics

QUESTION

(a) Explain the 3 methods of calculating National Income?

(b) Why do all countries in the world calculate their National Income every year, despite all the difficulties involved?

(c) How far does National Income reflect the living standard in a country?

Posted Date: 10/26/2013 7:09:59 AM | Location : United States







Related Discussions:- Methods of calculating national income, Assignment Help, Ask Question on Methods of calculating national income, Get Answer, Expert's Help, Methods of calculating national income Discussions

Write discussion on Methods of calculating national income
Your posts are moderated
Related Questions
What effect would a rule stating that university students must live in university dormitories have on the price elasticity of demand for dormitory space? What impact might this in

Explain the concept of scarcity, and the role it plays in decision making

limitations of pareto-optimal conditions as a measurement of welfare


interaction between the two market force, demand and supply

How is supply related to opportunity cost?

What are the constraints facing governments in the promotion of development? The constraints facing governments into the promotion of development: The capability of a govern

It commonly refers to the combination of commercial banking and investment banking. It is a supermarket for both wholesaler n retailer financial services as it offers a huge range

QUESTION (a) Define a public good and discuss how free riding might be a problem in the provision of a public good. (b) What is the rationale for government intervention in

How can the savings gap be plugged? Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through