Measures of national income and output information
Overview of the measures of national income and output
A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), net national income (NNI), and adjusted national income (NNI adjusted for natural resource depletion – also called as NNI at factor cost). All are specially concerned with counting the total amount of goods and services produced within the economy and by various sectors. The boundary is usually defined by geography or citizenship, and it is also defined as the total income of the nation and also restrict the goods and services that are counted. For instance, some measures count only goods & services that are exchanged for money, excluding bartered goods, while other measures may attempt to include bartered goods by imputing monetary values to them. [1]
^Australian Bureau of Statistics, Concepts, Sources and Methods, Chap. 4, "Economic concepts and the national accounts", "Production", "The production boundary". Retrieved November 2015.
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gross nationalincome (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country...
nationalincome accounting, net nationalincome (NNI) is net national product (NNP) minus indirect taxes. Net nationalincome encompasses the income of...
value and sources ofoutput produced in the country and the distribution ofincomes that production generates. Data are available at the nationaland industry...
microwave oven or a bicycle is a final good. When used in measuresofnationalincomeandoutput, the term "final goods" includes only new goods. For example...
Aggregation problem European System of Accounts Measuresofnationalincomeandoutput Material Product System NationalIncomeand Product Accounts (US) Official...
productivity, K is capital, L is labor, and the parameter a {\displaystyle a} measures the output elasticity of capital. For the special case in which...
for the portion of private saving that is not invested" and says that the national accounting identities used to explain this aspect of MMT could equally...
see Measuresofnationalincomeandoutput. The total outputof an economy equals its total income. From this viewpoint, GDP can be an indicator and measurement...
(PPP) per capita List of IMF ranked countries by GDP, Includes IMF ranked PPP of 186 countries Measuresofnationalincomeandoutput Relative purchasing...
Factor cost or nationalincome by type ofincome is a measureofnationalincome or output based on the cost of factors of production, instead of market prices...
capital Universal basic income Velocity of Money World currency Mishkin, Frederic S. (2007). The Economics of Money, Banking, and Financial Markets (Alternate ed...
the basis of rational expectations. At any one time, the economy is assumed to have a unique equilibrium at full employment or potential output achieved...
economics, a country's national saving is the sum of private and public saving.: 187 It equals a nation's income minus consumption and the government spending...
barter or as a means with which to tokenize debt, and that fiat currency has value in exchange because of sovereign power to levy taxes on economic activity...
productivity, K is capital, L is labor, and the parameter a {\displaystyle a} measures the output elasticity of capital. For the special case in which...
Producer price indices (PPIs) which measures average changes in prices received by domestic producers for their output. This differs from the CPI in that...
regional, national, and global economies. Macroeconomists study topics such as output/GDP (gross domestic product) andnationalincome, unemployment (including...
down output, and investment in infrastructure. For example, the United Kingdom's 2011 Autumn Statement incorporated a series of supply-side measures which...
the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the level of prices. Macroeconomic...
rate slows, and unemployment remains steadily high. Stagflation, once thought impossible, poses a dilemma for economic policy, as measures to reduce inflation...
added Measuresofnationalincomeandoutput#The output approach Productive and unproductive labour Surplus-value United Nations System ofNational Accounts...
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