Question

write the demerits of measuring the national income​

Answer 1

Answer:

Explanation:

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.

Answer 2

National income measures the monetary value of the flow of output of goods and services produced in an economy over a period of time. ... Measuring the level and rate of growth of national income (Y) is important for seeing: ... Gross domestic product (GDP) is the total value of output in ...