National Income

This PDF is a selection from an out-of-print volume from the National Bureau of economic Research vividness Title: National Income: A thick of Findings garishness Author/Editor: Simon Kuznets record Publisher: NBER Volume ISBN: 0-87014-113-9 Volume universal resource locator: http://www.nber.org/books/kuzn46-2 Publication Date: 1946 Chapter Title: draw up stakes IV: Problems of Interpretation Chapter Author: Simon Kuznets Chapter URL: http://www.nber.org/chapters/c5441 Chapter pages in book: (p. 111 - 140) PART IV Problems of interpretation in the lead study income estimates can be interpreted properly, (a) the basic assumptions implicit in(p) them, (b) their statistical accuracy, (c) the significance of their levels, trends, and minuscule term variations must be scrutinized. chthonic (a) be questions concerning the scene of activities whose results are included in national income; the distinction amidst their gross arid net output; the basis upon which products of unhomogeneous descrip- tion are evaluated and added; the boundaries of the nation in the definition of national income; and the like.

Under (b) are questions concerning the statistical approach, the character of the primary or derived data, the boldness of the procedures apply to approximate sectors for which data are lacking, the margin of actus reus in the final estimates. Under (c) are the numerous questions that plagiarise when we exploit to interpret the estimates in the light of other usher of national knowledge or processes and inter transaction in the economy; the relations betwee n changes in national income totals, their c! omponents, and other aspects of the economic body; the causes of the levels or changes, i.e, their connectedness with factors whose effects are known from selective information other than national income data proper; and so on. These collar groups of questions have so far been commented upon only casually, and obviously cannot be analyzed adequately here. In choosing the few that can be, we draw questions under (b) and (c). The...If you destiny to get a full essay, graze it on our website: OrderCustomPaper.com

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