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