Difference between revisions of "Imputed value"
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Latest revision as of 16:56, 2 July 2020
- Imputed value is an estimate of the value of a good or service that is not sold in the marketplace and therefore does not have a market price.
Definition
According to Macroeconomics by Mankiw (7th edition),
- Imputed value. An estimate of the value of a good or service that is not sold in the marketplace and therefore does not have a market price.