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Anonymous users2024-02-07There are three methods of GDP accounting, namely the production method, the income method, and the expenditure method, and the three methods reflect the results of the national economic production activities from different angles, and the accounting results of the three methods are the same in theory.
The production method is a method of measuring the newly created value of permanent residents in the accounting period from the perspective of production, that is, the added value is obtained by deducting the value of intermediate products input in the production process from the total product value produced by various sectors of the national economy during the accounting period. The accounting formula is: value added = total output - intermediate inputs.
The income method is an accounting method that reflects the final result according to the share of income due to the factors of production in the production process from the perspective of income generated by the production process. According to this accounting method, the value added is obtained by adding four parts: workers' compensation, net production tax, depreciation of fixed assets and operating surplus.
The expenditure method measures the final destination of goods and services during the accounting period from the perspective of end-use, including three parts: final consumption expenditure, gross capital formation, and net exports of goods and services.
The quarterly GDP released by the National Bureau of Statistics is the result of accounting on the basis of the production method.
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Anonymous users2024-02-06Regarding the accounting of GDP, according to Mankiw's Principles of Economics, GDP (y) = consumption (c) + investment (i) + ** purchase (g) + net exports (nx). In fact, there are three other ways to account for GDP: the production method, the income method and the expenditure method.
1. The production method is the statistical method of China's GDP, and GDP is divided into the first from the perspective of industry.
The primary, secondary and tertiary industries are calculated separately and then summed up, and of course inflation is deducted from both the final product and the intermediate input. GDP calculated using the production method refers to the value added of each sector during the accounting period. The formula is as follows:
GDP = total output of each sector - intermediate consumption of each sector;
2. Income method: The income method calculates GDP from the perspective of the income of various factors of production. The formula is as follows: GDP = workers' remuneration + net production tax + fixed capital consumption + operating surplus;
3. Expenditure method: The expenditure method is actually Mankiw's formula, that is, the total final consumption of all kinds of goods and services in the whole society: (consumption (c) + investment (i) + **purchase (g)), plus net exports.
GDP = Final Consumption + Gross Capital Formation + Net Exports.
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Anonymous users2024-02-05There are three methods of GDP accounting, namely the production method, the income method and the expenditure method, and the three methods reflect the results of the production activities of the national economy from different perspectives. Let's take a closer look at the three methods of GDP accounting.
The three accounting methods for GDP are: the production method, the income method and the expenditure method
1. The formula for calculating the production method is: GDP, total output, intermediate input (material product input, service input).
2. The formula for calculating the income method is: GDP, laborers' compensation, depreciation of fixed assets, net production tax, and operating surplus.
3. The formula for calculating the expenditure method is: GDP, Total Consumption, Total Investment, Net Exports of Goods and Services (Household Consumption **Consumption) (Gross Fixed Capital Formation, Increase in Inventories) (Exports of Goods and Services, Imports of Goods and Services).
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Anonymous users2024-02-04What are the accounting methods of GDP, GDP refers to the sum of the value of all final products and services produced by all resident units of a country (or region) in a certain period of time, and is often regarded as an indicator of economic conditions. What are the accounting methods for GDP?
There are three methods of GDP accounting, namely the production method, the income method, and the expenditure method, and the three methods reflect the national economy from different perspectives.
Results of production activities.
The production method is an accounting method that measures all the final production results of a country or region in the accounting period from the perspective of value creation, that is, the added value is obtained by deducting the value of intermediate products input in the production process from the total product value of simple production produced by various sectors of the national economy during the accounting period.
Accounting formula: GDP = total output intermediate inputs
The income method is based on factors of production from the point of view of income formation.
An accounting method in which the income due in the production process reflects the final production result. According to this accounting method, the value added is made up of workers' compensation, net production tax, and depreciation of fixed assets.
It is obtained by adding the four parts of operating surplus.
Accounting formula: GDP = Workers' remuneration + net production tax + depreciation of fixed assets + operating surplus
The expenditure method is an accounting method that measures the final results of production activities during the accounting period from the perspective of end-use, including final consumption expenditure, gross capital formation, and net exports of goods and services.
Accounting formula: GDP = Final Consumption Expenditure + Gross Capital Formation + Net Exports of Goods and Services
Theoretically, the data results obtained by the three algorithms should be consistent, but due to the different data of different algorithms, the results will be different, which is a normal phenomenon.
In China, quarterly GDP is accounted for on the basis of the production method, and annual GDP is accounted for using the production method and the expenditure method.
The three accounting methods for GDP are: the production method, the income method and the expenditure method
1. The formula for calculating the production method is: gross domestic product.
Total output: Intermediate inputs (inputs for material goods, inputs for services).
2. The formula for calculating the income method is: GDP, laborers' compensation, depreciation of fixed assets, net production tax, and operating surplus.
3. The formula for calculating the expenditure method is: GDP, Total Consumption, Total Investment, Net Exports of Goods and Services (Household Consumption **Consumption) (Gross Fixed Capital Formation, Increase in Inventories) (Exports of Goods and Services, Imports of Goods and Services).
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