Economics

What are all the Difficulties in Measuring national income – Studymaterial

In India, a special conceptual problem is posed by the existence of a large, unorganised and non-monetised subsistence sector where the barter system still prevails for transacting goods and services. Here, a proper valuation of output is very difficult. Difficulties: 1 Transfer payments 2 Difficulties in assessing depreciation allowance 3 Unpaid services 4 Income from […]