Question

importance of national income studies​

Answer 1

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.

Answer 2

Answer:

National income statistics enable us to have a correct idea about the structure of the economy. It enables us to know the relative importance of the various sectors of the economy and their contribution towards national income.

Explanation:

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.