State with reasons whether you agree or disagree with the following st

1.	State with reasons whether you agree or disagree with the following statements:National Income is important to formulate only economic policies.
Answer» No, I do not agree with this statement. National Income data is important for many other purposes, like: For the Economy : National Income data are very important for marco economic analysis and performance of the economy. Economic Planning: The data of National Income is very important tools for long term and short term economic planning. Economic Research: The data of National [ Income is very useful to the research students to study aggregate consumption expenditure, investment expenditure, etc. Speed of Economic Growth : National Income makes it possible to know the trends or speed of the economic growth of our ( country in relation to previous years.

State with reasons whether you agree or disagree with the following statements:National Income is important to formulate only economic policies.

Answer»

No, I do not agree with this statement.

National Income data is important for many other purposes, like:

For the Economy : National Income data are very important for marco economic analysis and performance of the economy.
Economic Planning: The data of National Income is very important tools for long term and short term economic planning.
Economic Research: The data of National [ Income is very useful to the research students to study aggregate consumption expenditure, investment expenditure, etc.
Speed of Economic Growth : National Income makes it possible to know the trends or speed of the economic growth of our ( country in relation to previous years.