Kindly answer all three parts 1) Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production? 2) What problem is posed by any comparison over time of the market values of various total outputs? 3) How is this problem resolved?

Kindly answer all three parts 1) Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production? 2) What problem is posed by any comparison over time of the market values of various total outputs? 3) How is this problem resolved?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 3.7P

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