肯恩eco吧 关注：395贴子：1,263
- 7回复贴，共1页
National Income:
Page 681 of the book, under national income. It says If we substract the consumption of fixed capital from GDP, we are left with national income. This is not correct.
National Income. National income is equal to GNP less the consumption of fixed capital (i.e., depreciation).
Page 681 of the book, under national income. It says If we substract the consumption of fixed capital from GDP, we are left with national income. This is not correct.
National Income. National income is equal to GNP less the consumption of fixed capital (i.e., depreciation).
IP属地:浙江
11楼2016-03-07 20:15
11楼2016-03-07 20:15收起回复
Under Gross Prive Domestic Investment, we include all constructions (commercial and residential constructions) as investments. Owner-occupied houses or residential constructions are treated as investment goods as these houses could be rented out to bring in an income return. This construction and rental service are all part of GDP, but the second hand sale of the house is not part of GDP.
Under Gross Private Domestic Investments, Increase and Decrease in Inventories.
Now we assume at the beginning of the year, inventory level was $100 dollar, during the year the company produced $500, but only sold $400, so by the end of the year, the inventory level went up to $200. $400 inventories have been sold to end users, so they have become final goods and part of GDP of the year. This is easy to understand. On the other hand, another $100 inventories are still in the warehouse, but they were still this year's new production, that's why they are part of GDP.
Now we assume at the beginning of the year, inventory level was $100 dollar, during the year the company produced $500, but sold $550, so by the end of the year, the inventory level went down to $50. $500 inventories have been sold to end users, so they have become final goods and part of GDP of the year. On the other hand, we have used another $50 inventories from last year, they also have become the final goods to the end users. However, we counted this $50 as part of GDP last year. That is why we have to substract this $50 from this year GDP to avoid double counting.
Now we assume at the beginning of the year, inventory level was $100 dollar, during the year the company produced $500, but only sold $400, so by the end of the year, the inventory level went up to $200. $400 inventories have been sold to end users, so they have become final goods and part of GDP of the year. This is easy to understand. On the other hand, another $100 inventories are still in the warehouse, but they were still this year's new production, that's why they are part of GDP.
Now we assume at the beginning of the year, inventory level was $100 dollar, during the year the company produced $500, but sold $550, so by the end of the year, the inventory level went down to $50. $500 inventories have been sold to end users, so they have become final goods and part of GDP of the year. On the other hand, we have used another $50 inventories from last year, they also have become the final goods to the end users. However, we counted this $50 as part of GDP last year. That is why we have to substract this $50 from this year GDP to avoid double counting.
IP属地:浙江14楼2016-03-07 22:01
14楼2016-03-07 22:01收起回复
扫二维码下载贴吧客户端
下载贴吧APP
看高清直播、视频！
看高清直播、视频！
贴吧热议榜
- 1关税行不通川普该打下一张牌了2464260
- 2王楚钦险胜杜达进入四强2455778
- 3江西景德镇工伤纠纷酿惨案1882888
- 4贵州男子上演现实开后宫被制止1475604
- 5薇薇安这次能否肘赢仪玄？1100424
- 6朱开内涵Doinb两年没队伍要954400
- 7JK罗琳赢了！英国给女性下定义796824
- 8BLG战胜WE终结连败699913
- 9曼联加时3球逆转里昂546678
- 10美国提出乌克兰领土分割方案386190
