Main Problems associated with National Income Accounting in developing countries

What are the main problems associated with National Income Accounting in developing countries?

Main problems of National Income Accounting:

1. Incomplete/inadequate information
2. Danger of double counting
3. Changes in prices (price instability)
4. Problem of inclusion, in terms of:
   • Subsistence output/income
   • Intermediate goods
   • Housing i.e. rent on owner-occupiers
   • Public services provided the government
   • Foreign payments i.e. net income from abroad
   • Illegal activities eg. smuggled output
   • Revaluation of assets