Question
What problems does a country face while calculating the true national income?

Answer

Difficulty in calculating the true national income:
Problems of double counting, products produced for self-consumption, difficulties in calculating depreciation, illegal income, tax avoidance, tax evasion, barter transactions, illiteracy, employment of persons in more than one occupation, etc. make it difficult to estimate the true national income of the country. Hence national income cannot be considered as a true measuring rod of the rate of economic development of a country.

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