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NATIONAL INCOME - Coggle Diagram
NATIONAL INCOME
USES OF NI
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Sectoral Contributions
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policy maker can recognize which economic sector are more or less likely contributing to national income
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ISSUES OF MEASURING NI
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Underground Economy
those who do not disclose their incomes or underestimate their income to avoid paying higher taxes may cause a loss in government income revenues and sales which are not reflected in GDP
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