Only counting final goods
In the treatment of U.S. exports and imports, national income accountants:
Primary, intermediates, and final goods and services should be counted.
any increase in business inventories.
cotton output and cloth output.
One disadvantage of using national income is that it is often difficult to tell between final goods and intermediate goods. Another disadvantage is problems with double counting.
let accountants monthly income before raise in income be x then x + 6x\100 = 3460 106x/100 =3460 x = 3264.15 therefore accountants monthly income before raise was 3264.15
the national income is that by the means of national income v can know that how much the income of country and v can find the national income dedact the all rents allowences paymants salaries and wages
bcoz its national income
National income- total income of the country Per capita income- average income of the country
importance of national income.
inadequate data availability double counting unstable market price valuation of agricultural goods non-market goods
They are in charge of the numbers. They track all the income/spending to tell you how well your company is doing. Cost accountants - tell you how much your product costs. Tax accountants - prepare the tax returns (Federal, State, etc.)