What are the problem of national income accounting?

Subject Economics
NU Year Set: 3.(d) Marks: 4 Year: 2012

Problems of National Income Accounting :

1. Exclusion of Real Transactions

2. The Value of Leisure

3. Cost of Environmental Damage

4. The Underground Economy

 5. Transfer Payments and Capital Gains

6. Valuation of Inventories

7. Self-Consumption

 8. Lack of Official Records

9. Imputed Income

10. Valuation of Government Service

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