Question

explain the importance of national income estimates and problems in estimating the national income​

Answer 1

Answer:

ADVERTISEMENTS: National income estimates give us detailed data relating to a country's production, savings, investment, capital formation and various other economic activities in a particular year. All these data give us a comprehensive picture of the economic activities of the people during that year.

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Answer 2

ADVERTISEMENTS: National income estimates give us detailed data relating to a country's production, savings, investment, capital formation and various other economic activities in a particular year. All these data give us a comprehensive picture of the economic activities of the people during that year.