How do we count the various goods and
services and know the total production in
each sector?
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how do we count the various goods and services and know the total production in each sector ? 1) the value of final goods and services is calculated and then added up to know the total production in each sector. the value of table (suppose rupees 2000) includes the value of wood (rupees 1000) and polish (rupees 500).
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Answer:
We calculate GDP to count value of goods and services. It is the market value of final goods and services produced in a country in a year. (i) The final value of goods and services produced in a sector is calculated.
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