how do we count the various goods and service and know the total production in each sectoe
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The counting of only final hoods and services are counted not of intermediate services or goods.
for eg - to make a biscuit we nedd sugar,oil,flour, now not the prices of flour,oiland sugar will be counted but biscuit will be counted as it is a final good.
#This is done by the central authority and its various contituencies.It is very complex way to count the values of final goods.After this they sum up all price .
for eg - to make a biscuit we nedd sugar,oil,flour, now not the prices of flour,oiland sugar will be counted but biscuit will be counted as it is a final good.
#This is done by the central authority and its various contituencies.It is very complex way to count the values of final goods.After this they sum up all price .
yuvraj765:
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