National income accounting therefore provides us with economic indicators that can be used to determine the health of an economy—if GDP goes up over a period of time, then we can say that by at least National income accounting is essentially adding up all of the economic activity in a nation within a certain period of time. National income accounting therefore provides us with economic indicators that can be used to determine the health of an economy—if GDP goes up over a period of time, then we can say that by at least one measure, the economy is expanding.
Statistics, National Income the branch of economic statistics that studies the production, distribution, and use of national income.
In the USSR the national income of the entire country and of each Union republic is computed each year by sector of the national economy and by form of ownership.
The national income is computed by the following methods: The net output of the sectors of material production is determined for each sector as the difference between gross output and material production expenditures outlays for raw and processed materials, fuel, and electrical energy, as well as depreciation on fixed capital stock.
The primary income of persons employed in sectors of material production includes the wages of production and office workers, the income of kolkhoz members received for work at the kolkhoz, and the income derived from personal subsidiary plots.
The primary income of production enterprises includes profits, turnover taxes, deductions for social insurance, and other elements of net income.
Income received on the basis of redistribution, called secondary income, is excluded from the national income. Nonproductive consumption includes personal consumption of material goods by the population and material expenditures at institutions serving the population, at scientific institutions, and at general management institutions.
Personal consumption by the population, which accounts for nine-tenths of the volume of nonproductive consumption, consists of the consumption of food products and nonfood goods purchased in state or cooperative retail stores and at kolkhoz markets, the consumption of produce received for work at kolkhozes or from personal subsidiary plots, and the part of the value of dwellings that corresponds to annual depreciation.
Accumulation includes the annual increments in production and nonproduction fixed assets buildings and structures, machinery and equipment, working and productive livestockincrements in material circulating capital stocks of raw and processed materials, fuel, and finished output, as well as products left over from the retail trade and uncompleted constructionand increments in state material reserves and in stocks of agricultural products from personal subsidiary plots.
National income is computed either in the actual prices of each year or, in order to study changes over time, in comparable constant prices.
Link to this page:What is 'National Income Accounting' National income accounting is a bookkeeping system that a government uses to measure the level of the country's economic activity in a given time period.
National Salary Rates for Jobs - What is the average salary in the United States? Find national salary comparisons, list of average salaries by profession. In contrast, the national income and product account statistics show that money income per person, using the same consumer price index, increased %.
The CPS has shown slower money income gains. Gross national income (GNI) is defined as gross domestic product, plus net receipts from abroad of wages and salaries and of property income, plus net taxes and subsidies receivable from abroad.
Net national income (NNI) is equal to GNI net of depreciation. The statistics for Gross Domestic Product (GDP) are computed as part of the National Income and Product Accounts.
This national accounting system is the source of much of the information we have about the economy. Jul 09, · Schedule for Income, Poverty and Health Insurance Statistics and ACS Schedule for the release of the income, poverty and health insurance coverage statistics and the American Community Survey.