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  2. Measures of national income and output - Wikipedia

    en.wikipedia.org/wiki/Measures_of_national...

    The expenditure approach is basically an output accounting method. It focuses on finding the total output of a nation by finding the total amount of money spent. This is acceptable to economists, because, like income, the total value of all goods is equal to the total amount of money spent on goods.

  3. Net national income - Wikipedia

    en.wikipedia.org/wiki/Net_national_income

    Net national income encompasses the income of households, businesses, and the government. Net national income is defined as gross domestic product plus net receipts of wages , salaries and property income from abroad, minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure ...

  4. National Income and Product Accounts - Wikipedia

    en.wikipedia.org/wiki/National_Income_and...

    The table summarizes national income on the left (debit, revenue) side and national product on the right (credit, expense) side of a two-column accounting report. Thus the left side gives GDP by the income method, and the right side gives GDP by the expenditure method. The GDP is given on the bottom line of both sides of the report.

  5. National accounts - Wikipedia

    en.wikipedia.org/wiki/National_accounts

    As a method, the subject is termed national accounting or, more generally, social accounting. [1] Stated otherwise, national accounts as systems may be distinguished from the economic data associated with those systems. [2] While sharing many common principles with business accounting, national accounts are based on economic concepts. [3]

  6. Gross domestic product - Wikipedia

    en.wikipedia.org/wiki/Gross_Domestic_Product

    According to the U.S. Bureau of Economic Analysis, which is responsible for calculating the national accounts in the United States, "In general, the source data for the expenditures components are considered more reliable than those for the income components [see income method, above]." [22]

  7. Growth accounting - Wikipedia

    en.wikipedia.org/wiki/Growth_accounting

    Growth accounting is a procedure used in economics to measure the ... are all observable and can be measured using standard national income accounting methods ...

  8. Factor cost - Wikipedia

    en.wikipedia.org/wiki/Factor_cost

    Factor cost or national income by type of income is a measure of national income or output based on the cost of factors of production, instead of market prices. This allows the effect of any subsidy or indirect tax to be removed from the final measure.

  9. Gross national income - Wikipedia

    en.wikipedia.org/wiki/Gross_national_income

    The gross national income (GNI), previously known as gross national product (GNP), is the total amount of factor incomes earned by the residents of a country. It is equal to gross domestic product (GDP), plus factor incomes received from non-resident by residents, minus factor income paid by residents to non-resident.