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Name three approaches for measuring national income

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Reference no: EM132875264

1. Outline four reasons why an increase in per capita income may not necessarily lead to a rise in the standard of living of the citizens

2. State four factors that affect the circular flow of income in an economy

3. Identify four factors that may be contributing to income disparity between the rich and poor citizens.

4. Account for the difference between the gross National Income figures between Kenya and Uganda.

5. Name three approaches for measuring national income

6. Highlight four problems associated with income approach

7. Highlight four problems associated with the output approach in computation of National income

8. Highlight four uses of National Income statistics in any given country

9. Outline four circumstances under which per capita income would be a good indicator

10.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: EM132875264

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