The valutation of commodieties for direct consumption
DOI:
https://doi.org/10.13133/2037-3643/12848Keywords:
National income, methodology, price index, commodities, consumption, calculationAbstract
The brief note makes a contribution to the methodology to be used in calculating the national income. The author shows that there is no alternative choice between the several price index numbers with which to value the commodities consumed by the producer himself. The difficulties involved in the valuation are indeed solved by making a simple analysis of structure of the price general index number. The solution therefore comes spontaneously, and this index number is proposed as the only possible one to be used in making the calculation.
JEL: E01, E21, E31