National Accounts

Absorption - Definition and Meaning
An in-depth look into the term 'absorption' within the context of national accounts and economic analysis.
Blue Book
A UK government publication providing data on national income and expenditure.
Capital Consumption
Understanding capital consumption within the scope of national accounts and its impact due to usage, ageing, or obsolescence.
Economically Active Population
The number of people during a specified time period who supply labour for the production of goods and services.
Gross National Product
A comprehensive measure of national economic activity representing the total market value of final goods and services produced by the residents of a country during a specific period.
Output Method
The method of calculating domestic product using information on the net outputs of various sectors of the economy.