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How do we count the various goods and services and know the total production in in each sector?

Posted by Samiksha Chettri 6 years, 10 months ago

CBSE > Class 10 > Social Science

1 answers

Gaurav Seth 6 years, 10 months ago

The following guidelines aid in calculating the total production in a given sector:
- The value of the goods are calculated rather than the numbers of the individual goods.
-The value calculated is of the final products and services which automatically includes the values of the intermediate goods and services.
-The total production is then acquired by adding the total value of the final value of the goods and services in a given sector. This will give us the GDP in this sector.

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CBSE > Class 10 > Social Science