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˹éÒ 19
The GDP, which defines the total revenues of resource sales net extraction costs
as income in the national accounts, fails to distinguish the capital component of
such a sale, thereby overstating Hicksian income. It records as current production
...
The GDP, which defines the total revenues of resource sales net extraction costs
as income in the national accounts, fails to distinguish the capital component of
such a sale, thereby overstating Hicksian income. It records as current production
...
˹éÒ 20
Capital depreciation is the most commonly imputed measure in the national
income accounts. The net national product (NNP) is the GNP less capital
depreciation. Likewise NDP is defined as GDP less capital depreciation.
Depreciation does ...
Capital depreciation is the most commonly imputed measure in the national
income accounts. The net national product (NNP) is the GNP less capital
depreciation. Likewise NDP is defined as GDP less capital depreciation.
Depreciation does ...
˹éÒ 21
accounts has proceeded slowly. A consistent valuation method, for example, has
not been clearly established. Opinion remains divided among market value,
opportunity or replacement costs, and discounted future revenues as bases for ...
accounts has proceeded slowly. A consistent valuation method, for example, has
not been clearly established. Opinion remains divided among market value,
opportunity or replacement costs, and discounted future revenues as bases for ...
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