national income statistics are very useful as living standards are measured using GDP per capita. The higher the GDP per capita the better the living standards.
However, national income statistics are subject to a number of drawbacks which make its usefulness debateble in economic practise.
1. NY Statistics do not take into account the opportunity cost of high production that is leisure time forgone.
2. GDP per capita figures do not take into consideration negative externalities generated from economic development e.g pollution.
3. It does not take into account condition of work e.g doctor patient ratio.
4. Composition of NY that is, GDP may be high because of increased government spending on amunation which does not improve living starndards.
How national income figures accurately reflect changes in a standard of a living in a country over a period of time
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
Most of them don't reflect on their economic situation, better focusing on surviving.
Trends in national economic development reflect changes occurring at the state and local levels and can impact local economic development planning.
National income does provide some measure of social welfare, but it is by no means a perfect measure. National income only captures economic activity, and does not take into account other important factors such as environmental quality, leisure time, or income distribution. In addition, national income does not always reflect changes in welfare that may occur over time, such as increases in life expectancy.
An increase in the GNP does not always reflect the standard of living and economic welfare of the general population, though it usually does.
In the appropriate context, they do.
The theoretical model does not accurately reflect the experiment.
people or items chosen accurately reflect the group as a whole
they often do not represent an accurate cross section of the total population.
This is a generalization that cannot be said to accurately reflect the opinions of all Japanese.
The gross domestic product, GDP, does not accurately reflect the nations welfare. It does provide an indication of the nation's economy, but it is only one of the component's of the well-being of a country. The GDP does not take into account household production, excluded production, and negative production.
Disease
No. The standard plate count method is an indirect measurement of cell density of only viable bacterial cells. Optical density counting measure entire bacterial sample, the living as well as the dead bacterial cells.
Mean.
Both reflect ideas of Enlightenment thinkers. :)
It is a scale model or view.