(i) Used in assessing performance in different sectors of the economy by noting the contribution by each sector.
(ii) Used in preparing development plans by providing useful information on various sectors.
(iii) To compare standards of living between different years by comparing the per capita incomes between the countries.
(iv) To attract foreign investments/ aid by providing the required information.
(v) To compare standards of living between different countries by comparing their per capita income.
(vi) Assist the government in economic planning by providing useful information on various sectors.
(vii) To determine standards of living of people in the country by calculating the per capita income.
(viii) To determine the rate of economic growth by providing the right information on productivity.
maurice.mutuku answered the question on July 18, 2017 at 08:08
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