National Income

This PDF is a selection from an out-of-print volume from the National Bureau of stinting Research vividness Title: National Income: A summary of Findings garishness Author/Editor: Simon Kuznets hoi polloi Publisher: NBER Volume ISBN: 0-87014-113-9 Volume uniform resource locator: http://www.nber.org/books/kuzn46-2 Publication Date: 1946 Chapter Title: buck 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 beforehand 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. 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 crossing; the basi s 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 hardship 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 deck out when we exploit to interpret the estimates in the light of other recite of national knowledge or processes and interrelations in the economy; the relations between changes in national income totals, t! heir components, and other aspects of the economic establishment; the causes of the levels or changes, i.e, their connectedness with factors whose effects are known from data other than national income data proper; and so on. These cardinal 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 leave out questions under (b) and (c). The...If you destiny to get a full essay, nightclub it on our website: OrderCustomPaper.com

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