Advertisement Remove all ads

Give Reason Or Explain the Following Statement: National Income Estimates Are Accurate in India. - Economics

Short Note

Give reason or explain the following statement:

National income estimates are accurate in India.

Advertisement Remove all ads

Solution

India uses a combination of the output method and the income method for the calculation of national income. Income method of calculating national income is very much accurate but the output method is not that reliable as it ignores some of the values or there are some services whose values cannot be measured in monetary terms. So, national income estimates in India are not exactly accurate but these estimations are very near to the exact value.

Concept: Concept of National Income
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 9 National Income
Exercise | Q 2.3 | Page 79
Advertisement Remove all ads

Video TutorialsVIEW ALL [1]

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×