Question

mention the drawbacks of national income​

Answer 1

Explanation:

Major Limitations of National Income Accounts

◆First, national in curve figures are not accurate. ...

◆The 'black economy' distorts the figures. ...

◆A rise in national income may not mean a rise in living standards. ...

◆The accounts only measure paid activities. ...

◆National income often rises in time of war, or the threat of war, because money is spent on weapons.

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Answer 2

☆Answer☆

First, national in curve figures are not accurate. ...

The 'black economy' distorts the figures. ...

A rise in national income may not mean a rise in living standards. ...

The accounts only measure paid activities. ...

The accounts only measure paid activities. ...National income often rises in time of war, or the threat of war, because money is spent on weapons.