discuss the importance of national income statistics and the government of ghana
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◆ National income data are significant for a country's per capita income which reflects the economic welfare of the country. The higher the per capita income, the higher the economic welfare and vice versa.
◆ Measuring the level and rate of growth of national income (Y) is important for seeing: The rate of economic growth. Changes to average living standards. Changes to the distribution of income.
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