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Measures of national income and output - Wikipedia, the free encyclopedia

Grossb> National Product (GNP) is the total value of final goods and services produced in a year by a country's nationals (including profits from capital held abroad).
Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy.
In relation to greening the national accounts the United States Congressional Budget Office concludes "a gradual process of modifying measures of national economic performance is consistent with the history and development of the national accounts."[1]

http://en.wikipedia.org/wiki/Gross_National_Product



grossb> national product

National income is equal to grossb> national product, minus an allowance for replacement of ageing capital stock.
It is measured as the grossb> domestic product plus income earned by domestic residents from foreign investments, minus income earned during the same period by foreign investors in the country’s domestic market.
GNP is usually assessed quarterly or yearly, and is defined as the total value of all goods and services produced by firms owned by the country concerned.

http://www.tiscali.co.uk/reference/encyclopaedia/hutchinson/m0004095.html



Measures of national income and output - Wikipedia, the free encyclopedia

Grossb> National Product (GNP) is the total value of final goods and services produced in a year by a country's nationals (including profits from capital held abroad).
In relation to greening the national accounts the United States Congressional Budget Office concludes "a gradual process of modifying measures of national economic performance is consistent with the history and development of the national accounts."[1]
Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy.

http://en.wikipedia.org/wiki/Gross_National_Product (1358 words)



National accounts output and expenditure

Grossb> national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption) and grossb> capital formation (formerly grossb> domestic investment).
Grossb> national income (GNI) (formerly grossb> national product, or GNP) is the sum of grossb> value added by all resident producers plus any product taxes (less subsidies) that are not included in the valuation of output plus net receipts of income from abroad.
Grossb> (or total) value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors.

http://www.worldbank.org/data/working/def7.html (1180 words)



Grossb> national income - definition of Grossb> national income in Encyclopedia

Grossb> National Product (GNP) is the total value of final goods and services produced in a year by domestically owned factors of production.
Measures of national income and output are used in economics to estimate the value of goods and services produced in an economy.
Personal Income (PI) is NNI minus retained earnings, corporate taxes, transfer payments, and interest on the public debt

http://encyclopedia.laborlawtalk.com/Gross_national_income (1307 words)



Are We Sustaining Australia? Report Against Headline Sustainabilty Indicators: Value 1: Living Standards and Economic Well-being

Grossb> national disposable income is equivalent to grossb> national income plus all secondary income in cash or in kind receivable by resident institutional units from the rest of the world, less all secondary income in cash or in kind payable by resident institutional units to the rest of the world.
It is the aggregate value of grossb> primary incomes for all institutional sectors, including net primary income receivable from non-residents.
Grossb> national income (GNI), formerly called grossb> national product (GNP), is a widely recognised measure of the overall economic well-being of a society.

http://www.deh.gov.au/esd/national/indicators/report/value1.html (499 words)



NATIONAL ACCOUNTS

Grossb> national disposable income equals the sum of grossb> national income and the balance of current transfers with the rest of the world.
Grossb> national income equals the sum of grossb> domestic product and balance of primary incomes (from labour and capital) with the rest of the world.
Grossb> fixed capital formation consists of investments into new fixed assets, costs of transactions of existing fixed assets and of additions to the value of non-produced assets.

http://www.stat.si/letopis/2004/27_04/27-en-04.htm (1785 words)



The Daily, Thursday, December 16, 2004. Study: National output versus domestic output: A measure of economic maturity?

The sharp drop in grossb> national income relative to GDP in the 1970s and 1980s originated in the large build-up of Canada's foreign debt.
The rise in grossb> national income relative to GDP in Canada in recent years initially reflected a swing to a net inflow of dividends.
In Canada, grossb> national income was close to GDP until the 1970s.

http://www.statcan.ca/Daily/English/041216/d041216d.htm (466 words)



Survey of Current Business: National Data.(grossb> domestic product, national... @ HighBeam Research

Table 1.14.--National Income by Type of Income [Billions of dollars] 2000 1999 National income 7,469.7.....
The tables in this section include the most recent estimates of grossb> domestic product and its components; these estimates were released on February 28, 2001, and include the "preliminary" estimates for the fourth quarter of 2000.
Percent changes from preceding period for grossb> domestic product and for final sales of domestic product are shown in table 8.1.

http://static.elibrary.com/s/surveyofcurrentbusiness/march012001/nationaldatagrossdomesticproductnationalincomeandp/index.html (2837 words)



News Release: Grossb> Domestic Product

Grossb> national product Real grossb> national product -- the goods and services produced by the labor and property supplied by U.S. residents -- increased 3.2 percent in the second quarter, compared with an increase of 3.9 percent in the first.
GNP includes, and GDP excludes, net receipts of income from the rest of the world, which decreased $3.6 billion in the second quarter after increasing $2.4 billion in the first; in the second quarter, receipts increased $21.3 billion, and payments increased $24.9 billion.
The current-dollar grossb> value added is deflated using the grossb> value added chain-type price index for nonfinancial industries from the GDP-by-industry accounts.

http://www.bea.gov/bea/newsrel/gdpnewsrelease.htm (2837 words)



Grossb> National Income - Wikipedia, the free encyclopedia

Previously known as Grossb> National Product, Grossb> National Income comprises the total value of goods and services produced within a country (i.e.
its Grossb> Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.
For example, if a British-owned company operating in another country sends some of their incomes (profits) back to UK, UK’s GNI is enhanced.

http://en.wikipedia.org/wiki/GNI (161 words)



BOX111.DOC

Finally, grossb> national product is obtained by adding income earned domestically by non-residents and repatriated profits of foreign subsidiaries to GNP and subtracting income earned by nationals abroad.
National income, the sum of the above items, is defined as income earned by nationals from current production of goods and services in the economy.
National income is significantly lower than GNP at market prices.

http://www.tcd.ie/Economics/staff/dmcleese/Web/HW/CH11/BOX111.DOC (472 words)



Australian Parliamentary Library - 1996-97 Background Paper 10

The national income and outlay account shows on the income side the various types of income received (wages, salaries etc.) and on the disbursement side the uses to which that income is put (consumption or saving).
Since grossb> operating surplus is the excess of output over the cost of producing that output not including the consumption of fixed capital, that leaves general government's consumption of fixed capital as its GOS.
Expenditure on all goods and services purchased by governments not used for further production by government (the government is taken to be the consumer of its own output for all services not offered for sale for profit and which therefore do not have a market price).

http://www.aph.gov.au/Library/Pubs/bp/1996-97/97bp10.htm (6860 words)



Statistics Canada: Historical Statistics of Canada

Grossb> national expenditure at market prices is the total of grossb> expenditure on goods and services measured at the prices that are actually paid in the market.
Grossb> national product is 'grossb>' because it is a measurement of output before any allowance is made for capital consumption, the using up of capital in the form of depreciation, obsolescence, fire loss and the like during the period for which output is measured.
Grossb> national product is defined as the value of the unduplicated total of all goods and services produced in a given period by Canadian residents.

http://www.statscan.ca/english/freepub/11-516-XIE/sectionf/sectionf.htm (19083 words)



EIA c

This includes how much the arts contribute to Grossb> National Expenditure; how much Canadians spend on the arts; how many Canadians are consumers of the fine arts; how many Canadians are employed in the arts; and how much capital plant, equipment and inventory is invested in the arts.
Manitoba local governments spent 1% of their grossb> expenditure on culture in 1979-80 while all other local governments spent less than 1% of their grossb> expenditure on culture.
Compared to the 20 largest Canadian manufacturing industries during 1980 the arts industry was the 11th largest with revenue of $7 billion; the 4th largest with full-time employment of 146,000; and the 6th largest with salaries and wages of $2.3 billion.

http://www.culturaleconomics.atfreeweb.com/eia_c.htm (5860 words)



grossb> national product -- Encyclopædia Britannica

Although services such as tourism, restaurants, entertainment, and public administration contribute greatly to the grossb> national product, it is finance and trade that form the cornerstone of the service industry.
National income accounting is a set of measures used to gauge the health of a nation's economy for a given period.
There are basically two ways of measuring national economic activity: as the money value of the total production of goods and services during a given period (usually a year) or as the total of incomes derived from economic activity after allowance has been made for capital consumption.

http://www.britannica.com/eb/article-9038185 (5860 words)



The roaring grossb> national income -DAWN - Business; 08 November, 2004

According to the World Bank Development Report 2005, Pakistan's grossb> national income (GNI) was at $306 billion in fiscal year 2003 when calculated on the basis of purchasing power parity (PPP).The GNI dropped sharply to $69 billion under the commonly used exchange rate related World Bank Atlas method.
China becomes the world's second largest economy when its grossb> national income estimates are measured by purchasing power but it's status drops to 5/6th when the exchange rate-based Atlas method is used.
And yet the national income in both cases be may be under- estimated by the failure of developing countries like Pakistan to update periodically their national accounts on the basis of structural changes in production and pricing of products.

http://www.dawn.com/2004/11/08/ebr4.htm (893 words)



Ministry of Finance

Equal to grossb> national income plus current transfer in cash or in kind receivable by resident institutional units from non-resident units and subtracting all current transfers in cash or in kind payable by resident institutional units to non-resident units.
Grossb> fixed capital formation measures the total value of a producer’s acquisition, less disposals, of fixed assets during the accounting period plus certain additions to the value of non- produced assets (such as subsoil assets or major improvements in the quantity, quality or productivity of land) realised by the productive activity of institutional units.
Income- based grossb> domestic product is compensation of employees, plus consumption of fixed capital, plus grossb> operating surplus plus taxes less subsidies on production and imports.

http://www.mofne.gov.bh/english/Economy/dif.asp (536 words)



grossb> national product -- Britannica Student Encyclopedia

Although services such as tourism, restaurants, entertainment, and public administration contribute greatly to the grossb> national product, it is finance and trade that form the cornerstone of the service industry.
National income accounting is a set of measures used to gauge the health of a nation's economy for a given period.
There are basically two ways of measuring national economic activity: as the money value of the total production of goods and services during a given period (usually a year) or as the total of incomes derived from economic activity after allowance has been made for capital consumption.

http://www.britannica.com/ebi/article-9274674 (834 words)



GROSSb> NATIONAL PRODUCT/THE GROSSb> DOMESTIC PRODUCT

Since Grossb> National Product includes products and services produced by Canadians outside Canada, it is not necessarily a good measure of the Canadian economy.
Grossb> Domestic Product at factor cost is based on the cost of all the factors of production used, including the profits made.
Grossb> Domestic Product at market prices is based on the prices paid by the final user (the consumer).

http://www.gnb.ca/0347/2e1.htm (834 words)



Eurasia Bulletin - Summer 1999

In estimating the components of grossb> national expenditure, information on both production and spending is used.
Finally, national income can be viewed as the sum of expenditures on consumer and investment goods, government expenditure, and net exports (expenditure by foreigners on home country exports less home country expenditures on imports) (expenditure approach).
National income statistics describe and explain broad features of the economy and its underlying trends; identify pathways for altering levels of production, employment, and implied distribution of benefits among competing population groups; and implement and test economic theories or models that aim to explain or forecast economic behavior.

http://www.census.gov/ipc/www/ebsum99.html (11526 words)



Grossb> national product, GNP: definition and related links

Canada’s annual grossb> national product (GNP) is the total income that residents of the country earn within the year.
The GNP is calculated in such a way that it is also equal to total spending on Canadians’ goods and services.
Thus, GNP is the sum of spending by consumers on food, clothing, rent, durable goods, personal services and other items, plus government expenditures on goods and services, plus business outlays on capital equipment and new factories and commercial buildings, plus the spending of foreigners when they buy exports of Canadians.

http://canadianeconomy.gc.ca/english/economy/gnp.html (11526 words)



TANZANET - The Tanzanian Electronic Networking Community - How is Grossb> National Income is measured

Grossb> national income is defined as the market value of all the goods and services produced in a nations economy.
Under a system of accounting called the national accounts, grossb> national product (GNP) can be measured by summing up the portions of a nations output used by consumers, business, government, and foreign countries.
Grossb> private domestic investment consist of expenditures for construction, both residential and non residential; producers durable equipment (capital goods); and additions to business inventories.

http://www.tanzanet.org/article20.html (486 words)



AllRefer.com - grossb> national product (Economics: Terms And Concepts) - Encyclopedia

grossb> national product (GNP), in economics, a quantitative measure of a nation's total economic activity, generally assessed yearly or quarterly.
Grossb> domestic product, often confused with GNP, is calculated from the total value of goods and services produced in an economy over a specified period.
The GNP equals the grossb> domestic product plus income earned by domestic residents through foreign investments minus the income earned by foreign investors in the domestic market.

http://reference.allrefer.com/encyclopedia/G/grossnat.html (311 words)



Grossb> National Product - GNP

GNP is a measure of a country's economic performance, or what its citizens produced (i.e.

http://baystreet.investopedia.com/terms/g/gnp.asp (311 words)



eia e

Using the Grossb> National Expenditure Multiplier of 2.1 it is estimated that the accumulated income multiplier effect of the Canadian arts industry was at least $14.7 billion in 1980 or approximately 5% of Grossb> National Expenditure.
Using the Grossb> National Expenditure multiplier of 2.1 it is estimated that the accumulated income multiplier effect of the 187 reporting performing arts companies was at least $315 million in 1980.
Using the Grossb> National Expenditure Multiplier of 2.1 it is estimated that the income multiplier effect of the fine arts in 1980 was at least $804 million.

http://www.culturaleconomics.atfreeweb.com/eia_e.htm (3832 words)



GLOBAL/WORLD INCOME PER CAPITA GNI, GNP, GDP, 2005, Wealth, Rich Country Ranking, Rank, Developing Countries : Finfacts Ireland

GNI (or grossb> national product in the terminology of the 1968 United Nations System of National Accounts) measures the total domestic and foreign value added claimed by residents.
Luxembourg* had the highest per capita Grossb> National Income (GNI) in the world in 2004, followed closely by Norway, Switzerland, the United States and Denmark, according to World Bank Development Indicators from July 2005.
Grossb> domestic product (GDP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output.

http://www.finfacts.com/biz10/globalworldincomepercapita.htm (1844 words)



Scoop: Keith Rankin: Whither National?

National activists are realists who recognise that there are a wide number of public and merit goods that require substantial collective funding; we only have to nominate the usual suspects: health and education.
An extreme authoritarian position is to advocate that the nation's public income should be 100% withheld by the government, and spent by the government on behalf of the owners of that income.
If most of the nation's income is appropriated as private income, then we could easily argue that many private individuals have their hands in the public till.

http://www.scoop.co.nz/stories/HL0208/S00035.htm (1196 words)



Grossb> Domestic Product, by Lincoln Anderson: The Concise Encyclopedia of Economics: Library of Economics and Liberty

For the United States, GDP replaces grossb> national product (GNP) as the main measure of production.
Grossb> domestic product, the official measure of total output of goods and services in the U.S. economy, represents the capstone and grand summary of the world's best system of economic statistics.
But the GDP data show that the production of goods in the United States was rising rapidly after the 1982 recession and, by 1989, hit a ten-year high as a share of total GDP.

http://www.econlib.org/library/Enc/GrossDomesticProduct.html (1196 words)



DEPweb: GNP per Capita Text 1

Grossb> national product (GNP) per capita is the dollar value of a country& final output of goods and services in a year, divided by its population.
Countries with a GNP per capita in 1998 of $9,361 or more are described as high income, between $761 and $9,360 as middle income, and $760 or less as low income.
Knowing a country& GNP per capita is a good first step toward understanding the country& economic strengths and needs, as well as the general standard of living enjoyed by the average citizen.

http://www.worldbank.org/depweb/english/modules/economic/gnp (1196 words)

Topic: Gross <b>National<

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