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The Measurement of the Physical Volume of Production

Arthur F. Burns

Rutgers, The State University of New Jersey

Introduction. — I. Development of a measure of the physical volume of production on the basis of the concept of production in general economic theory, 243. — The "index" and "deflating" methods, 244. — II. The relation between the economic quantities "production" and "national income, " 247. — III. The necessity of including the value factor in measures of physical production and the consequent shortcomings of such a measure, 250. — IV. Other limitations of a measure of physical production, 257. — V. Conclusions, 261.

DOI

10.2307/1885249

Volume

44 (2)

Pages

242

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