Real Disposable Income and Expenditure

R. G. D. Allen

Chapter 9 in An Introduction to National Accounts Statistics, 1980, pp 115-122 from Palgrave Macmillan

Abstract: Abstract It is now time to take up the loose strand left at the beginning of 2.4 above. At current market prices, gross national income is identically equal both to gross national product as the value of the goods and services produced and to gross national expenditure as the value of the different set of goods and services purchased out of income. This identity ceases to hold on deflation to real terms.

Keywords: Disposable Income; Real Term; Current Prex; Current Market Price; Property Income (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-16386-1_9

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