What are the limits of national income statistics, Business Economics

Assignment Help:

What are the limits of national income (NY) statistics in measuring development within a country?

National income statistics simply show changes in GDP (Gross Domestic Product) over time that is economic changes. Gross Domestic Product is just one dimension of development and so is a narrow measure of economic welfare.


Related Discussions:- What are the limits of national income statistics

Supply, What is exceptional supply curves

What is exceptional supply curves

Supply and demand, analyse the effect of an increase in the price of sim ca...

analyse the effect of an increase in the price of sim cards on the equilibrium price and equilibrium quantity of cellphones handsets

Explain the terms public and merit goods, QUESTION (a) With reference t...

QUESTION (a) With reference to price elasticity of demand, discuss and illustrate the effects on government revenue of increasing value added tax on goods and services. (b)

Explain conditions necessary to achieve pareto efficiency, Problem: i) ...

Problem: i) Evaluate the following statement: "The First Theorem of Welfare Economics states that as long as producers and consumers act as perfect competitors and there ar

Graph the demand and supply curve, Graph the Demand and Supply Curve G...

Graph the Demand and Supply Curve Given below are the demand schedule and supply schedule for china plates. Graph the demand and supply curve on one graph and determine equili

What factors will decrease staff availability, In long-term project plannin...

In long-term project planning, this is wise to suppose that staff will be accessible for project work for less than 100 per cent of the total accessible time. What factors will dec

Economic systems, the markert is said to be an invisible hand in the econom...

the markert is said to be an invisible hand in the economic system , how

Household sector, The prevention of main swings in economic activity can be...

The prevention of main swings in economic activity can be handled most simply by the household sector. Explain why?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd