Difficulties in Measuring National Income in Hindi

In one of the previous videos, we have discussed in detail about the methods of measuring national income. Here in this video, we will study difficulties/problems in Measuring National Income.
Some of the difficulties collected from different sources are:
1. Difficulty of Double Counting System
2. Lack of Reliable Data
3. Existence of Non-Monetised Sector
4. Difficulties in classification of Working Population
5. Illegal Income
6.Value of Inventory changes
7.Calculation of Depreciation
8. Difficulty of Expenditure Method
9. Choice of Method
10. Changing Price Levels
Sources:
Samuelson, Paul and Nordhaus, William, “Economics”, McGraw-Hill, 2010
www.economicsd...
www.economicsd...
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Difficulties in Measuring National income
1-Difficulty of Double Counting
2-Lack of Reliable data
3-Existence of non-monetized sector(basically the Barter System,farmers produce for their own uses etc.)
4-Difficulty in classification of the working population
5-Illegal income
6-value of inventory change
7-calculation of depreciation cost
8-difficulties of expenditure method
9-choice of method
10-change in price level

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