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.