Question

How would a statistician charged with measuring national product accounts distinguish pure price increases from productivity (quality) increases in the cell phone industry? What statistical measurement requires this choice to be made? Be as specific as possible about the method you would employ for a single product line like a cell phone

Answer 1

answer:

• This inquiry utilizes the idea of Real and ostensible increment.
• If there should arise an occurrence of the ostensible increment, both the cost and amount are variable.
• If there should arise an occurrence of the genuine increment, just amount is variable and the cost is settled at base year's value level.
• In this way, the measurable should keep the cost level settled of one needs to check whether the efficiency has expanded or not.
• In the event that even in the wake of keeping the costs settled, the aggregate esteem increments when contrasted with the earlier year, at that point efficiency has expanded generally not.
• if there should be an occurrence of checking whether costs have expanded just, at that point we should keep amount consistent and check whether add up to esteem increments or reductions.

the another explanation of the above that.

• Information Levels of Measurement. A variable has one of four distinct levels of estimation: Nominal, Ordinal, Interval, or Ratio. (Interim and Ratio levels of estimation are some of the time called Continuous or Scale).
• Estimation scales in Research Methodology are utilized to arrange and additionally evaluate variables.
• From what has been expressed above, we can compose that sizes of estimation can be considered as far as their scientific properties. ... ostensible scale. ordinal scale. interim scale and. proportion scale.
• Note that GNP is the center idea of national salary bookkeeping. ... The premise of contrast among GNPMP and GDPMP is Net Factor Income from Abroad. ... with increment In Income with the outcome that their commitment to GDP falls. ... It tends to be estimated in two different ways: at current market costs and at consistent costs.
• Net national item (NNP) alludes to net national item (GNP), i.e. the aggregate market estimation of every single last great and administrations delivered by the elements of creation of a nation or other nation amid a given era, less devaluation.
• 3 Important Methods for Measuring National Income
• Item Method: In this technique, national wage is estimated as a stream of products and enterprises. ...
• Pay Method: Under this strategy, national pay is estimated as a stream of factor livelihoods. ...
• Consumption Method: In this strategy, national wage is estimated as a stream of use.