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Problems: Measuring National Income of a Developing Country | India

The following points highlight the four major problems in measuring national income of a developing country. The problems are: 1. Lack of Reliable Data 2. Existence of Non-Monetised Sector 3. Difficulties in the Classification of Working Population 4. Defective Methods Used for Deflating Domestic Product Series. Problem # 1. Lack of Reliable Data: The reliability of data relating to national [...]

By Nipun S|2017-01-13T05:55:20+05:30January 13, 2017|Problems|Comments Off

10 Major Problems in Measuring National Income

The following points will highlight the six major Problems in Measuring or calculating National Income. The Problems are: 1. Exclusion of Real Transactions 2. The Value of Leisure 3. Cost of Environmental Damage 4. The Underground Economy 5. Transfer Payments and Capital Gains 6. Valuation of Inventories 7. Self-Consumption 8. Lack of Official Records 9. Imputed Income 10. Valuation of [...]

By Maya Kanodia|2015-11-30T10:15:50+05:30November 27, 2015|Problems|Comments Off