What are the problems of GNP Measurement?


0
5 comments
  1. Some outputs do not go through the market e.g. government output is not sold through the market.
  2. Illegal activities also do not go through the market system e.g prostitution, drugs, smuggling
  3. Subsistence output is not accounted for because it is not marketed.
  4. The services of some people e.g house wives and volunteers are not accounted for.
  5. We generally do not deduct negative outputs from GNP e.g. decline in safety, pollution etc.
  6. Double counting especially in goods having different stages of production.  Enumerators add up the goods value at every stage of production instead of duly the value added.
Advertisement
The following two tabs change content below.
We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

Like it? Share with your friends!

0
5 comments
BMS Team

We, at BMS.co.in, believe in sharing knowledge and giving quality information to our BMS students. We are here to provide and update you with every details required by you BMSites! If you want to join us, please mail to contact@bms.co.in.

5 Comments

Ask Us On WhatsApp
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format