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Measurement of Nat.
Chapter 23
| Term | Definition |
|---|---|
| GPD per capita | The level of output (income) per person in a country |
| Gross domestic product at current market prices | The total output of goods and services produces in the economy by Irish and foreign individuals and companies,valued at the prices paid for those goods and services |
| Gross national income at current market prices | Gross national product at current market prices plus EU subsidies minus EU taxes |
| Gross national product at current market prices | Gross domestic product at current market prices plus net factor income from the rest of the world |
| Income in kind | Incomes received in a non-monetary form |
| Market-oriented economy | An economy where a high proportion of goods and services produced are paid for and recorded |
| National income | The total income earned by the residents of a country in one year,from the production of goods and services |
| Net factor income from the rest of the world | The income earned by Irish individuals and companies abroad less the income earned by foreign individuals and companies in Ireland |
| Net national income at current market prices | Gross national income at current market prices minus depreciaion |
| Net national product at factor cost | Net national income at current market prices less national taxes plus national subsidies |
| Net value added | The difference between the value of a firm's,or individual's,output and the cost of the inputs of raw materials,components or services purchased to produce that output |
| Non-market economic activities | The goods and services produced in a country that are not recorded in the national accounts (also known as the 'black economy',the 'shadow market |
| GPD per capita | The level of output (income) per person in a country |
| Gross domestic product at current market prices | The total output of goods and services produces in the economy by Irish and foreign individuals and companies,valued at the prices paid for those goods and services |
| Gross national income at current market prices | Gross national product at current market prices plus EU subsidies minus EU taxes |
| Gross national product at current market prices | Gross domestic product at current market prices plus net factor income from the rest of the world |
| Income in kind | Incomes received in a non-monetary form |
| Market-oriented economy | An economy where a high proportion of goods and services produced are paid for and recorded |
| National income | The total income earned by the residents of a country in one year,from the production of goods and services |
| Net factor income from the rest of the world | The income earned by Irish individuals and companies abroad less the income earned by foreign individuals and companies in Ireland |
| Net national income at current market prices | Gross national income at current market prices minus depreciaion |
| Net national product at factor cost | Net national income at current market prices less national taxes plus national subsidies |
| Net value added | The difference between the value of a firm's,or individual's,output and the cost of the inputs of raw materials,components or services purchased to produce that output |
| Non-market economic activities | The goods and services produced in a country that are not recorded in the national accounts (also known as the 'black economy',the 'shadow economy' or the 'underground economy'). |
| Transfer payments | Payments made to individuals,for which no factor of production is supplied in return |
Created by:
jmartineconomics
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