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What the disadvantages of using the income approach to measure national income in Ghana?
The income approach to measure national income in the country of Ghana is not very accurate. Much of the Ghana economy relies on the barter system.
What are the limitation about net income approach?
limitation about net income approach
What are the 3 approaches to national income accounting?
The 3 approaches to national income accounting are the output approach, the income approach and the expenditure approach.
What are the three approaches of national income?
There are three approaches through which national income can be calculated including; output approach, income approach and expenditure approach.
Formulas to calculate national income used in economics in India?
how to compute national income. Through; expenditure approach, income approach, and input and output approach. Now for the expenditure approach you add G+I+C+(X-M) Income approach; addition of the factors of production
What is the income per capital in Ghana?
$400
How is the income approach used to calculate it?
The income approach is used to estimate the market value of income producing properties such as office buildings, warehouses etc.
What are the 3 approaches of GNP?
expenditures approach, income approach, industrial origin approach, value added approach
What approach to the income statement organizes costs by function?
traditional approach
Does expenditures approach and the income approach yield the same GDP figure?
yes it does.
Compared with the expenditure approach to calculating GDP the income approach is?
more accurate
What is the income approach compared with the expenditure approach to calculating GDP?
more accurate
