Question

problem in national income measurement.​

Answer 1

Answer:

The soundness of national income estimates is affected badly if there exists a large non- monetised sector. This creates valuation problem. In each transaction, the problem of valuation of goods transacted crops up. Further, poor farmers of these countries retain large chunks of their output for self-consumption.

Answer 2

Answer:

The soundness of national income estimates is affected badly if there exists a large non- monetised sector. This creates valuation problem. ... In each transaction, the problem of valuation of goods transacted crops up. Further, poor farmers of these countries retain large chunks of their output for self-consumption.