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
Suppose a family earns £1,500 per month and can either pay £0.50 per square foot in monthly rent for an apartment in the private rental market, or accept a 1,500 square foot house

Second degree price discrimination (two part-tariff) An electric utility in Ontario has the following cost structure: TC = 500 + 20Q Suppose that the market (inverse o

Distinguish between the terms of trade and the balance of trade. Basic explanation of the terms of trade as the average price of exports in relation to the average price of imp

Capital formation: Growth Economists believe that accumulation of capital is one main source of growth of an economy. Emphasis is given to the accumulation of more capital pe

What is the difference between GDP and GNP?  Gross domestic product (GDP) is the value of the total final output formed inside a country, during a given year. GDP, like all mea


Hello there! I am currently doing an MBA course about the financial crisis which is quite challenging. Today we were given a question about the topic: Long term capital management

economists would predict that if salaries increased for engginieers and decreasded for mba braduates that fewer people would go to graduate school in business and more would go in

can you help me answer an economics question

ROLE OF INFRASTRUCTURE IN THE ECONOMY: Economic Infrastructure produces services that directly facilitate and are basic to the carrying out of a wide variety of economic activ