Explain five uses of national income statistics

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The following are business questions. please help in giving the correct answers ASAP

1. Explain five uses of national income statistics to an economy

2. The gap between the rich and the poor is so wide In Kenya. Highlight five factors that contribute to this disparity in income distribution.

3. Explain five limitations of using per capita income as a measure of the standard of living in a country

4. Outline five problems that are encountered in measuring National income in your country

5. (a) Explain five limitations of using per capita income to compare living standards of people in different Countries

(b) High national income may not necessarily mean better welfare for the citizens of that country. Explain five reasons to support this argument

Reference no: EM132834493

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