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How reliable are national income statistics as a means of comparing living standards between countries?
Wiki User
∙ 9y ago
Some national statistics can be reliable is they have been adjusted. The World Health Organization adjusts their statistics so that their statistics are reliable.
Wiki User
∙ 9y ago
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What are the uses of national income statistics?
There are so many uses of national income statistics. This is commonly used to measure the economy and living standards of the people in a country.
What are the limitations of using national income figures in comparing the standards of living between different countries?
Almost never, because gross income gaps can largely distort statistics, if 50% of the population are earning very high, while the rest 50 much less, then the average may well be guided by the upper-half.
What are the weakness of national income in comparing standard of living for the two countries?
different currencies hereby gross domestic product does not tell us about blackmarkerts making income illegally
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.
Does the national income figure accurately reflect the living standard of a population?
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.
What are the uses of national income statistics?
There are so many uses of national income statistics. This is commonly used to measure the economy and living standards of the people in a country.
Limitation of national income statistics of making international comparsion of living standards?
firstly there are lack of standardization,i.e,countries compute their national income differently. secondly different needs,tastes and consumption patterns of different countries thirdly Exchange rate,i.e, different currencies to compute national income
What are the limitations of using national income figures in comparing the standards of living between different countries?
Almost never, because gross income gaps can largely distort statistics, if 50% of the population are earning very high, while the rest 50 much less, then the average may well be guided by the upper-half.
Which countries use ANSI Standards?
ANSI stands for 'American National Standards' and accredits standards' developing organisations (SDOs) throughout the United States. Other countries have their own equivalent organsations, but co-operate internationally where common standards are in those countries' interests.
What distance should a cell tower be from a private residance?
Different countries seem to go by different standards. Your national Telecommunications Authority have the standards for your place
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.
How is data collected and used for the purpose of national statistics?
how is data collected and used for the purpose of national statistics
When was American National Standards Institute created?
American National Standards Institute was created in 1918.
The difference between state standards and national standards in education?
The national standards are what each state bases their grade level standards off of. The national standards set the bar for all states to align their own standards to. There may be moderate differences, but overall they are suppose to be very similar.
