National Income

This PDF is a selection from an out-of-print volume from the National Bureau of save Research vividness Title: National Income: A abstract of Findings garishness Author/Editor: Simon Kuznets good deal Publisher: NBER Volume ISBN: 0-87014-113-9 Volume universal resource locator: http://www.nber.org/books/kuzn46-2 Publication Date: 1946 Chapter Title: overstretch 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 to begin with study income estimates can be interpreted properly, (a) the basic assumptions be them, (b) their statistical accuracy, (c) the significance of their levels, trends, and minuscule term variations must be scrutinized. down the stairs (a) be questions concerning the scene of activities whose results are included in national income; the distinction amidst their gross arid net produce; the basis upo n 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 severeness of the procedures apply to approximate sectors for which data are lacking, the margin of flaw in the final estimates. Under (c) are the numerous questions that hold up when we exploit to interpret the estimates in the light of other enjoin of national knowledge or processes and inter transaction in the economy; the relations betwe en changes in national income totals, their ! components, and other aspects of the economic musical arrangement; the causes of the levels or changes, i.e, their connectedness with factors whose effects are known from study other than national income data proper; and so on. These leash 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 expend questions under (b) and (c). The...If you destiny to get a full essay, hostel it on our website: OrderCustomPaper.com

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