MARKET APPRAISAL AND ACCOUNTING OF THE COST OF PRODUCTION CAPITAL

摘要

It is determined that the cost of sold goods and services in the market of goods, taken into account by the statistics on the nominal gross domestic product and the price index allows estimating the market value of production capital in the national currency. National accounts also take into account the costs of productive capital and fixed capital stocks, which are valued by their market value. It is shown that when the discounted capital is underestimated as compared to the market value, the money in circulation serves turnover only and does not ensure the reproduction of capital. It is also shown that economic growth and technological progress is possible when the value of the recorded production capital is no less than its market value.