What are the problems of calculating national income?

by this we can solve this problem 1. maintain Income from foreign firms. 2.

The purchasing power parity (PPP) theory uses the long-term equilibrium exchange rate of two currencies to equalize their purchasing powThe purchasing power parity (PPP) theory uses the long-term...

Income from foreign firms Value of inventories Calculation of depreciation Prroblem of difintion

it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out...

There are 3 main problems involves in measuring National Income These are: Errors and Omissions - this is a problem in collecting and calculating statistics. This is a problem as people hide what...