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Outline four problems encountered in calculating National income using income approach.

Outline four problems encountered in calculating National income using income approach.

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gideon
i. No accurate in the private sector.
ii. Expenditure for the subsistence sector can only be mere approximations due to lack of records
in the sector.
iii. Differentiating between final expenditure and intermediate expenditure may be difficult.
iv. It suffers the problem of double counting.
v. Fluctuating exchange rates may face challenges especially in valuation of exports and imports
gideon1 answered the question on October 14, 2017 at 09:39

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