Back to Course

SS2: ECONOMICS - 3RD TERM

0% Complete
0/0 Steps
  1. Public Finance I | Week 1
    5 Topics
  2. Public Finance II | Week 2
    7 Topics
    |
    1 Quiz
  3. Balanced and Unbalanced Budgets| Week 3
    5 Topics
    |
    1 Quiz
  4. Elements of National Income Accounting | Week 4
    5 Topics
  5. Elements of National Income Accounting II | Week 5
    6 Topics
  6. Income Determination | Week 6
    4 Topics
    |
    1 Quiz
  7. Financial Market | Week 7
    1 Topic
  8. Demand for and Supply of Money | Week 8
    8 Topics
    |
    1 Quiz
  9. Inflation | Week 9
    7 Topics
  10. Deflation | Week 10
    5 Topics
    |
    1 Quiz



  • Do you like this content?

  • Follow us

Lesson 4, Topic 4
In Progress

General Problems Encountered in the Compilation of National Income Figure in Nigeria

Lesson Progress
0% Complete

1. Inadequate statistical data

2. Depreciation and different principles being used to calculate capital consumptions. The problem here is how to value the amount of capital used up in the process of production.

3. Limitations carried by price changes. Rise in price leads to over estimation of national income figures.

4. Problem of assessment of net income to or from abroad because of the activities of smugglers.

5. Problem of double counting which is the case of transfer payment and value of intermediate goods.

6. Predominance of subsistence economy makes calculation very difficult.

7. The problem of classification i.e. what goods should be classified under which class. The problem that arises here is the estimation of the value of non-commercial elements. 

Responses

Your email address will not be published.

back-to-top
error: