Outline four problems encountered in calculating National income using income approach.

      

Outline four problems encountered in calculating National income using income approach.

  

Answers


gideon
i. No accurate in the private sector.
ii. Expenditure for the subsistence sector can only be mere approximations due to lack of records
in the sector.
iii. Differentiating between final expenditure and intermediate expenditure may be difficult.
iv. It suffers the problem of double counting.
v. Fluctuating exchange rates may face challenges especially in valuation of exports and imports
gideon1 answered the question on October 14, 2017 at 09:39


Next: Outline four forms of Personal Selling
Previous: Highlight four social responsibilities of a business to its customers.

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions