Expenditure approach GDP
(continued from previous post)
Volume measures
2.44 The SNA emphasizes calculation at constant prices, that is, use of the
system(s) of prices which prevailed in a past period(s). The changes over
time in the current values of flows of goods and services and of many kinds of
assets can be decomposed into changes in the prices of these goods and
services or assets and changes in their volumes. Flows or stocks at constant
prices take into account the changes in the price of each item covered. They
are said to be in volume terms. However, many flows or stocks do not have
price and quantity dimensions of their own. Their current values may be
deflated by taking into account the change in the prices of some relevant
basket of goods and services. [Reproduced from CSO Publication]
[To be concluded]
(continued from previous post)
Volume measures
2.44 The SNA emphasizes calculation at constant prices, that is, use of the
system(s) of prices which prevailed in a past period(s). The changes over
time in the current values of flows of goods and services and of many kinds of
assets can be decomposed into changes in the prices of these goods and
services or assets and changes in their volumes. Flows or stocks at constant
prices take into account the changes in the price of each item covered. They
are said to be in volume terms. However, many flows or stocks do not have
price and quantity dimensions of their own. Their current values may be
deflated by taking into account the change in the prices of some relevant
basket of goods and services. [Reproduced from CSO Publication]
[To be concluded]
No comments:
Post a Comment