Question

Discuss the importance of national income statistics to the government of Ghana and explain the distinction between national income at market price and national income at factor cost.

Answer 1

Answer:

Hi buddy

Explanation:

Why is it important to measure national income?

Measuring national income is crucial for various purposes: The measurement of the size of the economy and level of country's economic performance; ... To make projections about the future development trend of the economy. To help government formulate suitable development plans and policies to increase growth rates.

Answer 2

Answer:

Measuring national income is crucial for various purposes: The measurement of the size of the economy and level of country's economic performance; ... To make projections about the future development trend of the economy. To help government formulate suitable development plans and policies to increase growth rates.

Hope it helps u !