Why do we measure output in value terms rather than in physical terms? For that matter, why

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Why do we measure output in value terms rather than in physical terms? For that matter, why do we bother to measure output at all?

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Essentials of Economics

ISBN: 978-1259235702

10th edition

Authors: Bradley Schiller, Karen Gebhardt

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Question Posted: Aug 30, 2017 11:47 PM

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Why do we measure output in value terms rather than in physical terms? For that matter, why

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Our economy produces thousands of different items ...View the full answer

Essentials of Economics

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