R. Allen's An Introduction to National Accounts Statistics PDF

By R. Allen

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Extra resources for An Introduction to National Accounts Statistics

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At market prices, both exports and imports are valued as in the balance of payments: fob (free on board) for goods and transaction values for services. Export values include net indirect taxes, removed on going to factor cost. On the other hand, imports are valued before net indirect taxes and remain unchanged at factor cost. 3 above) is that GOP at market prices is left inclusive ofnet indirect taxes on imports - a substantial figure, some 35 per cent of all net indirect taxes. 3 make up total domestic expenditure.

The British National Oil Corporation (1976). g. transport, council housing. The Forestry Commission is one of the few left in central govemment. The output box is relative1y simple: arearrangement of incomes to give values added in an appropriately specified list of industries. The expenditure box shows total domestic expenditure split between current expenditures, by. consumers and by govemment, and gross domestic investment, whether in such fixed assets as plant, equipment and vehicles or as increases in stocks and work in progress.

5 gives the main categories of income before stock appreciation in 1975 and 1978, together with some details of the largest category -income from employment. What stands out is that gross trading profits increased at a much faster rate than wages and salaries in this period ofrecovery. 5 GDP from income side, before and after stock appreciation 1978 {, millions at current prices as %0/ 1975 1978 1975 59176 1283 84383 1643 142·6 128·1 4017 3865 6054 6076 148·5 157·2 Total 68401 98156 143·5 Self-employment income Rent and imputed rene Imputed charges 3 Gross trading profits 9034 6459 855 13394 13245 9842 1283 22651 146·6 152-4 150·1 169·1 98143 -5529 888 145117 -4249 1071 147·9 93502 141999 151·9 Employment income: Wages and salaries Pay in cash and kind of HM Forces Employers' contributions: national insurance other 1 Total, before stock appreciation less stock appreciation Residual error GDP at factor cost NOTES 1 Contributions to pension funds, compensation to injured employees and certain redundancy payments.

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