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 compend of Findings garishness Author/Editor: Simon Kuznets people Publisher: NBER Volume ISBN: 0-87014-113-9 Volume uniform resource locator: http://www.nber.org/books/kuzn46-2 Publication Date: 1946 Chapter Title: squeeze 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 central them, (b) their statistical accuracy, (c) the significance of their levels, trends, and minuscule term variations must be scrutinized. below (a) be questions concerning the scene of activities whose results are included in national income; the distinction amidst their gross arid net growth; the basis upon which p roducts 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 robustness of the procedures apply to approximate sectors for which data are lacking, the margin of demerit in the final estimates. Under (c) are the numerous questions that muster up when we exploit to interpret the estimates in the light of other certify of national knowledge or processes and interrelations in the economy; the relations between changes in national income totals, their components, and other aspects of the economic constitution; the causes of the levels or changes, i.e, their connectedness with factors whose effects are known from tuition 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 analy zed adequately here. In choosing the few tha! t can be, we overlook questions under (b) and (c). The...If you destiny to get a full essay, cast it on our website: OrderCustomPaper.com

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