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What else can I help you with?
How is a method chosen for measuring National Income?
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
Which is used to measure directly the average standard of living across countries?
National income
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 difficulties in estimating national income?
there are comparison obstacles such as: variations in income distribution amongst different countries being compared size of black market tastes and needs proportion of national income used by the government for defence.
What is a high and low income countries?
They are countries with high or low income. High income countries (HICs) tend to be in the Northern hemisphere and low income countries (LICs) tend to be in the Southern hemisphere. There are also middle income countries (MICs).
Why the national income statistic cannot good for discussing the income of developing countries?
National income is not a good statistic for discussing the income of developing countries as it includes the income of richest and the poorest. It does not represent the equality of income.
How do you get percentage of national income formula?
The percentage that variable Y accounts for is 100*Variable Y/National Income
What is the definition of LICs and HICs?
LICs stands for Low-Income Countries, which are nations with a low gross national income per capita. HICs stands for High-Income Countries, which are countries with a high gross national income per capita. These categorizations are based on a country's economic development and income levels.
What is the Formula for finding disposable income?
Disposable income = Total net income less fixed (unavoidable) costs such as rent, food, utilities etc.
What formula do you use to calculate national income?
The Product MethodThe Income Method or theThe Expenditure Method
How is a method chosen for measuring National Income?
the best way of measuring the national income of a country is to divide the countries total income by dividing the total people living in that area.....
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 four groups the world bank divides the world into?
The World Bank divides countries into four income groups based on Gross National Income (GNI) per capita: low-income, lower-middle-income, upper-middle-income, and high-income countries. Each group represents a range of income levels to help guide development assistance and lending practices.
Which is used to measure directly the average standard of living across countries?
National income
What countries are third world in?
Africa India Cuba
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
Why national income is important?
bcoz its national income
