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Why do national income accountants compare the market value of the total outputs in various years rather than actual physical volumes of production?
Wiki User
∙ 9y ago
Physical outputs are such astronomical numbers along with varying metrics for counting them it is so far impossible to add them all up. Also, each year the prices of these products can shift and therefore measuring physical amount may lead to false conclusions such as selling more of a product one year however the net profit remains the same (because the product was cheaper).
Wiki User
∙ 9y ago
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Why do national accountants compare the market value of the total outputs in various years rather than actual physical volumes of production?
Physical outputs are such astronomical numbers along with varying metrics for counting them it is so far impossible to add them all up. Also, each year the prices of these products can shift and therefore measuring physical amount may lead to false conclusions such as selling more of a product one year however the net profit remains the same (because the product was cheaper).
Why do national income accountants compare the value of the total outputs in various years rather than actual physical volumes of production?
Physical outputs are such astronomical numbers along with varying metrics for counting them it is so far impossible to add them all up. Also, each year the prices of these products can shift and therefore measuring physical amount may lead to false conclusions such as selling more of a product one year however the net profit remains the same (because the product was cheaper).
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