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Q: How do i conclude on the limitations and importance on national income statistics?
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What are the importance and limitations of national income statistics?

The importance of national income statistics is to show a national income figures and show the performance of the company. The limitations are there are room for errors in report , some categories are not accurate or are misrepresented , and they do not measure welfare as a source of income.


What are the limitations of national income statistics?

National income statistics are heavily limited by disclosure. If many people choose not to reveal their true income levels, the statistics available will be skewed.


When was Office for National Statistics created?

Office for National Statistics was created in 1996.


When do we celebrate the National Statistics Month?

The National Statistics Month in the Philippines is every October.


Does the U.S. Embassy have access to the national statistics records in the Philippines?

Everyone has access to the national statistics records of the Philippines. The National Statistics Office has a website that anybody can access.


When was National Administrative Department of Statistics created?

National Administrative Department of Statistics was created in 1953.


What are the limitation of national power?

limitations on national power


How is data collected and used for the purpose of national statistics?

how is data collected and used for the purpose of national statistics


Explain the importance of national income?

importance of national income.


How reliable are national income statistics as a means of comparing living standards between countries?

Some national statistics can be reliable is they have been adjusted. The World Health Organization adjusts their statistics so that their statistics are reliable.


How many years you are already celebrating national statistics month?

I am celebrating national statistics month since last 10 years .


What is the importance of collecting vital statistics?

Vital statistics play a part of monitoring the national health information system. The information is the most continuous and complete data that is available to all public health officials. Births and deaths are the two primary vital statistics recorded and they can provide valuable information including life expectancy.