Main Aggregates: Methods

R. G. D. Allen

Chapter 2 in An Introduction to National Accounts Statistics, 1980, pp 5-35 from Palgrave Macmillan

Abstract: Abstract The national income of the UK is the sum of money incomes received by UK nationals from current economic activity. It is a money flow in a specified time, here taken as a year. It is related to two other concepts, each a set of current goods and services valued at the ruling prices during the year. One set of goods and services consists of the output of UK nationals as producers. The other is the set of purchases made by UK nationals. Each includes capital goods and services as well as those for consumption. In a closed economy the absence of external trade ensures that the two sets are identical: what is produced by nationals is also purchased by them. They are of different composition in any actual economy. Some of the output of nationals consists of exports sold abroad; some of the purchases of nationals are goods and services imported from abroad.

Keywords: National Income; Factor Cost; National Account; Indirect Taxis; Impute Rent (search for similar items in EconPapers)
Date: 1980
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16386-1_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349163861

DOI: 10.1007/978-1-349-16386-1_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().