Question

Why should national income be calculated? Give any three reasons.

Answer 1

so that it cold be easier to find out that which country's GDP growth is increased or decreased...

hope it helps

Answer 2

Three reasons why national income should be calculated:

• The calculation of national incomes presents us with data that provides a clear directive about the status of the economy.
• Secondly, this process helps us understand the different contributing industries of the economy and their degrees of contribution. Therefore the relative importance of these industries can be understood.
• Thirdly, national income needs to be calculated to aid the government to undertake policy decisions, change tax rules and plan the future roadway for the country.

National income should be calculated primarily because the economic growth and revenue can then be charted and understood.