Problems Involved in Comparing National Income over Time
a) Changes in price level
We must take into account of price changes (CPI) to give a more accurate picture of actual increase in National Income (NY).
b) Changes in the quality of goods
Goods generally improve in its quality over time.
As it is difficult to measure quality improvement, any changes in NY may be underestimated.
c) Changes in the distribution of NY
If the increase in NY is not equitable (or evenly distributed), then it is inevitable that some people will be better off and some are even worse off.
d) Changes in the size and composition of population
An increase in the size of the population does not necessarily bring about an increase in NY as such increase may be largely due to an increase in the number of dependents. This will increase the burden of those who are working and hence, will now be worse off in real terms.
Email based economics assignment help - homework help at TutorsGlobe
Are you searching economics tutor for help with Comparison of National Income over Time questions? Comparison of National Income over Time topic is not easier to learn without external help? We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Comparison of National Income over Time related problems. We provide step by step Comparison of National Income over Time question's answers with 100% plagiarism free content. We prepare quality content and notes for Comparison of National Income over Time topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for homework help
tutorsglobe.com recent theories of wages assignment help-homework help by online wages tutors
higher order of reaction tutorial all along with the key concepts of zeroth order reaction, third order reactions, pseudo-first order reactions, determining the order of reaction and fast reactions
Metal Oxide Field Effect Transistor tutorial all along with the key concepts of MOS-FET operation, MOSFET output curves, relationship between Drain voltage and saturation in MOSFET, MOSFET device types, P-Channel Enhancement Mode
defining perfect competition and its characteristics, www.tutorsglobe.com offers perfect competition assignment help - homework help by live economics tutors.
tutorsglobe.com acute hiv infection assignment help-homework help by online hiv tutors
Cell Division Processes in Prokaryotic and Eukaryotic tutorial all along with the key concepts of The Cell Cycle, Cell Division, Prokaryotic Cell Division, Cell Division in Eukaryotes
radioactivity and the nuclear atom tutorial all along with the key concepts of nuclear model of the atom, nuclear binding energy, nuclear forces, types of radiation, radioactive decay, nuclear stability, nuclear fission and fusion
tutorsglobe.com physiology of senescence assignment help-homework help by online senescence tutors
www.tutorsglobe.com offers elimination reactions of amines homework help, elimination reactions of amines assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
www.tutorsglobe.com offers phosphorus analogs of amines homework help, phosphorus analogs of amines assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
www.tutorsglobe.com offers aromaticity homework help, aromaticity assignment help, online tutoring assistance, organic chemistry solutions by online qualified tutor's help.
Mechanism of Simple Reactions tutorial all along with the key concepts of Unimolecular Reaction, Bimolecular Reaction, Free-Radical Reactions, Consecutive Reactions, Opposing Reactions and Parallel Reactions
tutorsglobe.com microbial standards of drinking water assignment help-homework help by online air pollution tutors
how to find answers for minimal spanning tree problem, using prim's algorithm, get solved assignments for prim's algorithm and minimal spanning tree problem.
www.tutorsglobe.com tutorials - assignment help: various elements or components of a system, introduction of a system in programming languages,
1936728
Questions Asked
3689
Tutors
1473795
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!