0
importance of national income.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
What are the Importance of national income with the national income concept?
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
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 is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
'National Income statistics are a powerful tool of economic understanding and analysis' Explain 'An economy's output is its income' Do you agree Explain?
national income measures the wealthy that exists in an economy.national income statistics wl determine national output under the fomular:output=income=expenditure!however the appropriateness of national income ar a measure of output is compromised by the weaknesses inherent in obtaining national income data!national income disregards underground economy or the black market which as a result economies that constitute a significant amount of such markets would have an understated national income figure thus its true measure of national out put wl nt be realised if these statistics are used!
What are the importance of national income in the economy?
The importance of national income in the economy is absolutely huge. This determines whether or not there is money that can be spent.
What are the Importance of national income with the national income concept?
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
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.
Explain the importance of physics in information technologies which contribute to national development?
explain the importance of physics technologies
What is the importance of national income figures?
National income figures helps governmental institutions understand the state of the economy. If the national average for income has increased, then businesses are growing.
What is importance of calculating national income in an economy?
it is very important to calculate national income so as to see whether the country in terms of its economy is progressing and to also see that the calculation of national income is carried out efficiently and precisely
'National Income statistics are a powerful tool of economic understanding and analysis' Explain 'An economy's output is its income' Do you agree Explain?
national income measures the wealthy that exists in an economy.national income statistics wl determine national output under the fomular:output=income=expenditure!however the appropriateness of national income ar a measure of output is compromised by the weaknesses inherent in obtaining national income data!national income disregards underground economy or the black market which as a result economies that constitute a significant amount of such markets would have an understated national income figure thus its true measure of national out put wl nt be realised if these statistics are used!
What Is The Importance Of Calculating National Income?
thats your assignement, that economic teacher gave you so figure out (pimsat)
Why national income is important?
bcoz its national income
Explain the uses of national income estimates?
jab tujhe nahi pata to mujhe kaise pata hoga youu kamine
What is national income and per capita income?
National income- total income of the country Per capita income- average income of the country
How do you explain how to disentangle hair after shampooing and explain the importance of considering the cuticle scales?
Explain how to disentangle hair after shampooing and explain the importance of considering the cuticle scales:
