Question

National income accounting is very paramount to any country that is conscious a bout its

growth and development. Discuss the national income difficulties in estimation of national income 

Answer 1

1. Inadequate date - The lack of adequate statistical data makes the task of estimation of national income more acute and difficult.
2. Non-availability of reliable information - The reason of illiteracy, most producers has no idea of the quantity and value of their output and do not follow the practice of keeping regular accounts.