Question

State the limitations of National Income as an indicator​

Answer 1

11. Find the coordinates of the point

(A) which lies on x and y axes both.

(b) whose ordinate is - 4 and which lies on y-axis.

(C) whose abscissa is 5 and which lies on X-axis.

11. Find the coordinates of the point

(A) which lies on x and y axes both.

(b) whose ordinate is - 4 and which lies on y-axis.

(C) whose abscissa is 5 and which lies on X-axis.

Answer 2

Answer:

The three main limitations to national income accounting are: Errors in Measurement: Black Market and underground activities are not included when calculating GDP. This is because there is no way to accurately measure black market activity. ... Another big measurement error is inflation.

Explanation:

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