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( a ) An article in the Economist magazine notes that many economists believe that GDP data for India are unreliable because the average firm
a An article in the Economist magazine notes that many economists believe that GDP
data for India are unreliable because the average firm employs just a handful of
people and the overwhelming majority of the adult population works off the books
and far from major cities.
i
What does the article mean by working off the books
Marks
ii Why would the problems listed make it difficult for the Indian government to
accurately measure GDP
Marks
iii. What problems can be caused for a government or for businesses in a country
if the government cannot accurately measure GDP
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