Uses of national income statistics, Microeconomics

Uses of national income statistics:

- It helps to organize economic data and activities.

- It helps to classify economic activities into various segments or sectors.

- It helps to keep track of total production within the macro economy.

- It helps to determine the economic performance of a country.

- It helps in policy formulation and implementation etc.

Posted Date: 1/3/2013 12:04:22 AM | Location : United States







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

Write discussion on Uses of national income statistics
Your posts are moderated
Related Questions
elasticity concept in policy formulation

Question 1: (a) Describe what is Economic growth and describe its relationship with standard of living? (b) Assuming you are the government economist, what policy measures

Production Process: Production is a process that transforms factors of production or inputs into output of goods and services. Production may be classified into extraction, ma

The Free Enterprise:  Price System The free market system is where the decision about what is produced is the outcome of millions of separate individual decisions made by cons

What are the properties of consumer demand? Properties of Consumer Demand: In this section check the comparative statics of consumer demand behaviour as: how the demand of cons

suppose you have a coffee shop. list of fixed input and variable input for operating the shop

Assume in the Solow growth model that s=.25, n=.02, d=.08, and f(k)=k^3. A)    Assume that z=2.  What is the steady state level of capital per worker and consumption per worker?

DISCUSS THE HICKSIAN & SLUTSKIAN APPROACH TO CONSUMER BEHAVIOR WHERE THERE IS CHANGE IN PRICE OF ONE GOOD GIVEN TWO GOODS

The following hypotheses are concerned with the general impact of FDI from Costa Rica trading partners on exports from the technology sector:  H1:   There is a positive signifi

Q. Strength of the multiplier in microeconomics? Multiplier: An initial stimulus to spending (in form of new consumer, business or government purchases) generally results in a