Prices are used in national accounting to:
A. Add the values of output from different sectors of the economy.
B. Compare the value of output of one period with that of another.
C. Provide an index to measure the rate of inflation.
D. All of the above.
Answer:D
Prices are used in national accounting to:
A. Add the values of output from different sectors of the economy. B. Compare the value of output of one period with that of another. C. Provide an index to measure the rate of inflation. D. All of the above.