However, the new approach has important implications for the measurement of economic growth and the interpretation of real-dollar estimates of gross domestic product and its components.” (=-=Rossiter 2000-=-, p. 363) In 1996, The Bureau of Economic Analysis (BEA) introduced chain-weight (...
The amount of net exports of goods and services to foreigners Figure 1-1: U.S. GNP and Its Components, 2000 1.3 National Product and National Income National Income It is earned over a period by its factors of production. It must equal the GNP a country generates over some period of tim...
Noun1.national income- the total value of all income in a nation (wages and profits and interest and rents and pension payments) during a given period (usually 1 yr) value- the quality (positive or negative) that renders something desirable or valuable; "the Shakespearean Shylock is of dubio...
National income can be defined as the part of the objective income of the community including income derived from abroad which can be measured in money i.e the money value of goods and services which is produced and made available for consumption in an economy for a particular period which is...
and the fortunes of its export- and import-competin 12、g industriesIntroductionSlide 12-13Copyright 2003 Pearson Education, Inc.1 The National Income Accounts1.1 Gross national product (GNP)The value of all final goods and services produced by a countrys factors of production and sold on the ...
Fig. 13-1: U.S. GNP and Its Components Source: U.S. Department of Commerce, Bureau of Economic Analysis. China’s GNP and Its Components National Income Accounts GNP is one measure of national income, but a more precise measure of national income is GNP adjusted for following: Depreciation...
1989 Abstract: Conventional measures of national income and product and its components have proved enormously useful as indexes ... Richard Ruggles - 《Review of Income & Wealth》 被引量: 299发表: 1985年 Can Investment in Intangibles Explain the Swedish Productivity Boom in the 1990s? After a ...
INDUSTRY‐LEVEL PRODUCTIVITY MEASUREMENT AND THE 2008 SYSTEM OF NATIONAL ACCOUNTS The 2008 System of National Accounts recognizes capital services as the conceptually correct way to measure the input of capital into production. This allo... DW Jorgenson,P Schreyer - 《Review of Income & Wealth》 被...
national-income-account SectionIIIoverview ▪FrominternationalMicroeconomytoopen-Macroeconomy▪Aboutmacroeconomytarget:price,growth,employment,andbalanceofpayments.▪Thecorepropertyofopen-Macroeconomicishowan economycangettheequilibriumofinternal-andexternal ▪WhatshouldwelearnfromsectionIII?_anintegratedmodel of...
1、National Income:Where it Comes From and Where it Goes,Chapter 03,In this chapter you will learn:,what determines the economys total output/income 什么决定经济的总产出/总收入 how the prices of the factors of production are determined 生产要素的价格如何决定 how total income is distributed 总...