how do we count various goods and services each economics sectors explain with example
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Answered by
66
To count various goods and services each economic sectors have we take the value of final good and then calculate GDP eof the country.
For Example:Farmer sells his wheat to factory at rupees 8 per kg .After making flour ,the factory sells the flour at rupees10 per kg to biscuit company.The biscuit company makes biscuits and sells the biscuit at rupees 20 per packet.
Here we will calculate the final price ,that is price of biscuit because,the price of wheat and flour is already included in the biscuits.
For Example:Farmer sells his wheat to factory at rupees 8 per kg .After making flour ,the factory sells the flour at rupees10 per kg to biscuit company.The biscuit company makes biscuits and sells the biscuit at rupees 20 per packet.
Here we will calculate the final price ,that is price of biscuit because,the price of wheat and flour is already included in the biscuits.
Answered by
16
To count various goods and services each economic sectors have we take the value of final good and then calculate GDP eof the country.
For Example:Farmer sells his wheat to factory at rupees 8 per kg .After making flour ,the factory sells the flour at rupees10 per kg to biscuit company.The biscuit company makes biscuits and sells the biscuit at rupees 20 per packet.
Here we will calculate the final price ,that is price of biscuit because,the price of wheat and flour is already included in the biscuits.
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