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Outline four dangers of comparing living standards in different countries using national income statistics.

      

Outline four dangers of comparing living standards in different countries using national income statistics.

  

Answers


Lydia
i) Use of different currencies.
ii) Levels of inflation differ.
iii) Higher income may have been got at the expense of workers health.
iv) Disparity/in equality of income distribution within the country.
v) Different tastes/needs/preferences from people in different countries.
vi) Different goods/services used to get statistics from different countries (basket of goods/services differ).
vii) In appropriate usage of national income/misappropriation of national income.
viii) Wrong/unreliable/inaccurate data being used.
lydiajane74 answered the question on November 9, 2017 at 12:59


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