what are the statistical problems in measuring national income
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Explanation:
Three major difficulties faced in the measurement of national income are as follows: 1. problems of definition, 2. lack of adequate data, 3. non-availability of reliable information
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The most important difficulty facing the national income estimation in India is the non-availability of reliable statistical information. In India national income data are collected by untrained and semiliterate persons like gram sevaks and thus the statistics are mostly unreliable.
Difficulties faced in the measurement of national income are as follows: 1. problems of definition, 2. lack of adequate data, 3. non-availability of reliable information
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