In developing countries, it is easier to obtain accurate national income estimates through the

In developing countries, it is easier to obtain accurate national income estimates through the

Answer Details

In developing countries, it is easier to obtain accurate national income estimates through the GDP (Gross Domestic Product) method. This is because the GDP method calculates national income based on the total value of goods and services produced within a country's borders during a particular period. In contrast, other methods like GNP (Gross National Product) take into account the income generated by a country's citizens both within and outside the country. Developing countries may not have reliable data on the income of their citizens outside their borders, making GDP a more practical option for calculating national income. Additionally, the GDP method is generally considered a better indicator of a country's economic activity and growth, making it more suitable for policy-making and economic planning.