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National Income As An Indicator Of Standard Of Living
Beginning of paper
Development Economics: Evaluate the validity of using National Income
statistics as an indicator of standard of living and as a comparison of
economic development between different countries.
National Income is an indicator of standard of living measured by output,
expenditure or income in one year.
The reason that these three factors .... Middle of paper
.... to difficulties in the
measurement. E.g. Second hand deals go unregistered. The second criticism
which is linked to this is that sales in the black economy will also go
unregistered even though they may have significant effects (both good and
bad) on a personŐs standard of living. For example, if drugs were being
sold on the black market this may lead to a rise in crime and so peopleŐs
standard of living would fall, however the person selling ....
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Number of words: 955
Number of pages: 4 (approx. 250 words per double-spaced page)
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