The Logic of Accounts

Graham J. Ive and Stephen L. Gruneberg
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Graham J. Ive: University College London
Stephen L. Gruneberg: University College London

Chapter 4 in The Economics of the Modern Construction Sector, 2000, pp 81-112 from Palgrave Macmillan

Abstract: Abstract In Chapters 1–3, we saw how production processes add value to inputs using labour productivity to generate surpluses, out of which interest, rent and profits are paid. In this chapter we discuss how financial account is taken of the processes involved. We begin by looking at the accounts of the economy as a whole. These may be divided into personal, corporate and government sectors. We also make reference to the international sector.

Keywords: Gross Domestic Product; Capital Stock; Pension Fund; National Income; National Account (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51091-3_4

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DOI: 10.1057/9780230510913_4

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