An article in the Wall Street Journal noted that many economists believe that GDP data for India are unreliable because "most enterprises are tiny and unregistered, and most workers are employed off the books. The government's infrequent surveys represent only a best guess of the value being added in back-alley workshops, outdoor markets and other cash-based corners of the economy."
1. What does the article mean by working "off the books"? Why might it be difficult for the government to measure the production of small, cash-based firms?
2. Why would the problems listed make it difficult for the Indian government to accurately measure GDP?
3. What problems can be caused for a government or for businesses in a country if the government cannot accurately measure GDP?
Answers: 3
Business, 22.06.2019 10:30, jlankford148
What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.
Answers: 1
Business, 22.06.2019 19:50, Salas1333
Which of the following would create the most money? the initial deposit is $6,500 and the required reserve ratio is 20 percent. the initial deposit is $3,000 and the required reserve ratio is 10 percent. the initial deposit is $7,500 and the required reserve ratio is 25 percent. the initial deposit is $4,500 and the required reserve ratio is 15 percent.
Answers: 1
An article in the Wall Street Journal noted that many economists believe that GDP data for India are...
Mathematics, 15.12.2020 21:10
English, 15.12.2020 21:10
History, 15.12.2020 21:10
Mathematics, 15.12.2020 21:10
English, 15.12.2020 21:10
Mathematics, 15.12.2020 21:10