Why is it so difficult to calculate income in poorer countries?
A) only a part of what is produced and consumed is monetized
B) most of what is produced in brought to a market
C) households are taken as measurements
D) measurements focused on consumption
E) their population live under $2.90 per day

Question

Quizplus · Accepted Answer

In poorer countries, a significant portion of the economy may be based on subsistence farming or informal sectors where goods and services are not exchanged for money. This makes it difficult to accurately measure income since much of the economic activity is not monetized and thus not captured in traditional economic statistics.

Why Is It So Difficult to Calculate Income in Poorer