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For example, the elderly consume roughly double the medical care of all urban consumers (studied for CPI-U and C-CPI-U) and urban wage earners and clerical workers (for CPI-W); inflation in medical care has exceeded that in much of the rest of the economy. To adjust for this, the BLS computes a consumer price index for the elderly (CPI-E). [16]
A net (sometimes written nett) value is the resultant amount after accounting for the sum or difference of two or more variables. In economics , it is frequently used to imply the remaining value after accounting for a specific, commonly understood deduction.
Fixed investment, as expenditure over a period of time (e.g., "per year"), is not capital but rather leads to changes in the amount of capital. The time dimension of investment makes it a flow. By contrast, capital is a stock—that is, accumulated net investment up to a point in time.
A fixed-price value measure is used to measure changes in quality and quantity. True to its name, prices are kept fixed for a minimum of two measuring situations. For this reason, it is possible to define the changes in quality and quantity of a most varied and wide range of commodities, keeping apart the changes in income distribution.
In the national accounts (e.g., in the United Nations System of National Accounts and the European System of Accounts) gross capital formation is the total value of the gross fixed capital formation (GFCF), plus net changes in inventories, plus net acquisitions less disposals of valuables for a unit or sector.
In economics, deadweight loss is the loss of societal economic welfare due to production/consumption of a good at a quantity where marginal benefit (to society) does not equal marginal cost (to society) – in other words, there are either goods being produced despite the cost of doing so being larger than the benefit, or additional goods are not being produced despite the fact that the ...
Net interest and miscellaneous payments: 543.00 Taxes on production and imports: 798.10 Less: subsidies: −46.70 Business current transfer payments (net) 77.70 Current surplus of government enterprises: 9.50 Equals: national income (NI) 9,679.60: Statistical discrepancy: 25.60 Equals: net national product (NNP) 9,705.20: Consumption of fixed ...
Normally that ratio is about 20–23% of gross value-added. However, calling it the "business investment rate" or the "gross investment rate" is somewhat deceptive, since this indicator refers only to fixed investment, and more specifically, the net fixed investment (fixed assets bought, less disposals of fixed assets). The actual total funds ...