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Answer to Question #227155 in Macroeconomics for Nyakio

Question #227155
Problems encountered in measurements of national income
1
Expert's answer
2021-08-19T08:12:01-0400

Problems encountered in measurements of national income are:

  • Lack of Reliable Data: The reliability of data relating to national income estimation is often questioned.
  • Existence of Non-Monetised Sector
  • Difficulties in the Classification of Working Population
  • Illegal Income

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