What are the limits of national income statistics, Business Economics

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What are the limits of national income (NY) statistics in measuring development within a country?

National income statistics simply show changes in GDP (Gross Domestic Product) over time that is economic changes. Gross Domestic Product is just one dimension of development and so is a narrow measure of economic welfare.

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What are the limits of national income (NY) statistics in measuring development within a country? National income statistics simply show changes in GDP (Gross Domestic Product)

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