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National Income Accounting
National Income Accounting
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Definitions
Durable Good
Durable Good
Economic Term
National Income Accounting
A good that provides long-term utility, typically lasting three years or more.
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Definitions
Household Production
Household Production
Economics
National Income Accounting
Economic Activity
Understanding the concept of household production, its significance, and how it is accounted for in different economic systems.
Read more about Household Production.
Definitions
Income Method
Income Method
Economics
National Income Accounting
Measurement approach of domestic product by calculating factor incomes received.
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Definitions
National Income - Definition and Meaning
National Income
Economics
Income Measurement
Factor Cost
National Income Accounting
The total income of residents of a country, measured at factor cost after deducting capital consumption and excluding transfer payments.
Read more about National Income - Definition and Meaning.
Definitions
Private Sector Balance
Economics
National Income Accounting
Private Sector Balance
Private sector balance is the excess of savings over investment spending by the private sector, forming a crucial part of national income accounting identities.
Read more about Private Sector Balance.
Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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