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Why are goods and services counted in GDP at market price.are there any disadvantage in using market price tonieasure production?
Wiki User
∙ 10y ago
The intention of the measurement is to capture the value of the total production, which would be market price as estimated by the mechanisms in place to monitor and report GDP, A disadvantage is that it can over or understate true GDP if there is a change in market conditions for some subset of production that does not have another co-linear variable to adjust after the fact.
Wiki User
∙ 10y ago
Anonymous
they are counted in market value in order to match the current prices those goods on the market
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