briefly the problem arising in measuring national income
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Criticisms
1. Real national income excludes price changes. A short period rise in national income during an upswing of an economic cycle does not constitute economic development.
2. GNP does not factor in a change in the population of a given nation.
3. GNP does not reveal or factor in the negative externalities such as pollution.
4. GNP tells nothing about the distribution of a society's income.
5. Does not factor in other forms of measurement such as illegal markets, service
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1. Real national income excludes price changes. A short period rise in national income during an upswing of an economic cycle does not constitute economic development.
2. GNP does not factor in a change in the population of a given nation.
3. GNP does not reveal or factor in the negative externalities such as pollution.
4. GNP tells nothing about the distribution of a society's income.
5. Does not factor in other forms of measurement such as illegal markets, service
Hope it works to help you
Mark.me brainliest
mahirkhan:
my help me thank you
Answered by
2
Some of the difficulties in measuring national income are as follows:
1. Lack of Reliable Data2.Existence of Non-Monetised Sector
3. Difficulties in the Classification of Working Population
4. Illegal Income
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