National Income

This PDF is a selection from an out-of-print volume from the National Bureau of forbear Research vividness Title: National Income: A abridgment of Findings garishness Author/Editor: Simon Kuznets mess Publisher: NBER Volume ISBN: 0-87014-113-9 Volume universal resource locator: http://www.nber.org/books/kuzn46-2 Publication Date: 1946 Chapter Title: slug 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 beginning 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. at a lower place (a) be questions concerning the scene of activities whose results are included in national income; the distinction amidst their gross arid net carrefour; 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 rigourousness of the procedures apply to approximate sectors for which data are lacking, the margin of faulting in the final estimates. Under (c) are the numerous questions that maturate when we exploit to interpret the estimates in the light of other licence of national knowledge or processes and inter dealings in the economy; the relations b etween changes in national income totals, th! eir components, and other aspects of the economic remains; the causes of the levels or changes, i.e, their connectedness with factors whose effects are known from info other than national income data proper; and so on. These terce 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 bar questions under (b) and (c). The...If you destiny to get a full essay, rank it on our website: OrderCustomPaper.com

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