Statistical challenges faced during the computation of national income
- Inadequate statistical data/information
- Problem of double counting
- Difficulty of calculating the value of capital depreciation
- Difficulty of valuing subsistence /Non – marketed output
- Difficulty of calculating net incomes from abroad
- Difficulty of valuing government services/expenditure.
- Problem of price changes i.e. inflation/deflation
- Problem of valuing unpaid for services
- Statistical errors i.e. omissions and commissions.
- Problem of’ valuing inventories and work in progress
- Limited skilled man power and equipment
CATEGORIES Economics
TAGS Dr. Bbosa Science
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