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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).
What else can I help you with?
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).
The most accurate way to compare standards of living throughout the world is to look at?
(GDP) Gross Domestic Production
What are the similarities and differences between the contributions of primary and tertiary production activities to the development of Nigeria and England?
compare and contrast the contribution of primary and tertiary production activities to the development of Nigeria and us
Uses of national income?
Uses of National Income Data:- 1:National Income as a measure of economic growth - Estimates of national income at constant prices indicate economic growth of a country. 2:National Income as an indicator of success or failure of planning - If a country has adopted planning as a means of economic growth then national income data can help in assessing the achievements of planning. 3: Useful in estimating per capita income - Per capita income is obtained by dividing national income by total population of the country. 4:Useful in assessing the performance of different production sectors - Production units of a country are broadly classified into primary, secondary and tertiary sectors. These sectors generate factor incomes. The data on factor incomes generated by these sectors can be used to measure their relative contributions to national income. 5:Useful in measuring inequalities in the distribution of income - All individuals so not have the same income. It means national income is unequally distributed among people. The extent of inequality in a country can be measured from the national income data collected through the income distribution methods. 6:Useful in measuring standards of income - The expenditure method reveals consumption expenditure and investment expenditure. If the total consumption expenditure is divided by the total investment expenditure we get per capita consumption expenditure which indicates the average standard of living of the people of the country. 7:Makes international comparisons possible - We can compare the economies of any two countries on the basis of their national income data.
What are the key differences between GDP, GNP, and GNI, and how do these measures of economic activity compare and contrast with each other?
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders. GNP (Gross National Product) includes the income earned by a country's residents, both domestically and abroad. GNI (Gross National Income) is similar to GNP but also considers net foreign income. The key difference between GDP, GNP, and GNI lies in what they measure - GDP measures production within a country, GNP measures income earned by residents, and GNI includes net foreign income. While GDP and GNP focus on production and income, GNI provides a more comprehensive view by accounting for net foreign income.
What do accountants use a spreadsheet for?
to compare last year to this year
Why do national income 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 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).
Do Compare physical policy and monetary policy?
yes
Compare virtual and physical keyboard?
advantages of virtual keyboard?
Texas to Japan compare?
Texas and Japan are both heavily into rice production.
How do the obligations of the national government to states compare to obligations of states to the national government?
pay for all national elections To protect states from invasion.
How do the obligations of the national government to states compare to obligations of states of the national government?
pay for all national elections To protect states from invasion.
How do obligations of the national government to states compare to obligations of states to the national government?
pay for all national elections To protect states from invasion.
How do the obligations of the national government states compare to obligations of states to the national government?
pay for all national elections To protect states from invasion.
Where can I compare online physical therapy schools?
u can compare online physical therapy schools at www.collegeanduniversity.net/ Penn Foster Career School is one of top recommended universities based on student ratings.
Compare and contrast cylic and non-cylic ATP production on photosynthetic organisms?
sunlight
