Journal of Income & Wealth (The)

  • Year: 2016
  • Volume: 38
  • Issue: 1

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

  • Author:
  • S.L. Shetty, Vijayata B. Sawant
  • Total Page Count: 10
  • DOI:
  • Page Number: 1 to 10

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.

Keywords

National Income, GDP at Factor Cost, GDP at Market Prices, UN SNA 1968, 1993 and 2008