What are the reasons for compiling income statistics?

      

List the reasons for compiling income statistics.

  

Answers


Maurice
(i) So as to attract foreign investment.

(ii) So as to measure the rate of economic growth of the country.

(iii)Used in economic planning.

(iv) So as to measure living standards of people in a country at a given time.

(v) So as to compare the standards of living between countries at a given time.

(vi) Used in the calculation of per capita income.


maurice.mutuku answered the question on July 27, 2017 at 06:41


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