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2016•Journal of Income & WealthRequires access

Factor Cost Basis of GDP is Fundamental for Measuring Real Growth and not GDP at Market Prices

Sudhir Shetty, Vijayata B. Sawant

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Abstract

The authors of the UN SNA have shown no concern for the distributional issues relating to factor incomes. These concerns lead to GDP at factor cost as a measure of real economic growth and not GDP at market prices.

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What this paper is about

The authors of the UN SNA have shown no concern for the distributional issues relating to factor incomes. These concerns lead to GDP at factor cost as a measure of real economic growth and not GDP at market prices.

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Available abstract

The authors of the UN SNA have shown no concern for the distributional issues relating to factor incomes. These concerns lead to GDP at factor cost as a measure of real economic growth and not GDP at market prices.

Key concepts: Real gross domestic product, Economics, Econometrics, Measure (data warehouse), GDP deflator, Factor (programming language), Mathematics, Computer science

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Factor Cost Basis of GDP is Fundamental for Measuring Real Growth and not GDP at Market Prices — Research Paper | ScholarLens