布兰查德宏观经济学第四版第02章.pptVIP

Aggregate Output National income and product accounts are an accounting system used to measure of aggregate economic activity. The measure of aggregate output in the national income accounts is gross domestic product, or GDP,which can be measured or thought from the production side (aggregate production) ,or the income side( aggregate income ),andthe results of both ways are always equal in theory . SNA (System of National Account) GDP: Production and Income There are three ways of defining GDP: GDP is the value of the final goods and services produced in the economy during a given period. A final good is a good that is destined for final consumption. An intermediate good is a good used in the production of another good. GDP: Production and Income There are three ways of defining GDP: GDP: Production and Income There are three ways of defining GDP: Steel company (firm1) car company (firm 2) Revenues from sales $100 Revenues from sales $210 Expenses $80 Expenses $170 wages $80 wages $70 Steel purchases $100 profit $20 profit $40 Table A1-1 U.S GDP:The income side ,2001(billions of dollars) From gross domestic product to Personal disposable income : 1. Gross domestic product(GDP) 10208 2.Plus: receipt of factor income from the rest of the world 335 3.Minus: payments of factor income to the rest of the world –341 4.Equals: gross national product (GNP) 10202 5.minus: consumption of fixed capital --1351 6.Equals: Net national product (NNP) 8851 7. Minus : indirect taxes