National Income Accounting
National income accounting provides economists and statisticians with detailed information that can be used to track the health of an economy and to forecast future growth and development. Although national income accounting is not an exact science, it provides useful insight into how well an economy is functioning, and where monies are being generated and spent.
Some of the metrics calculated by using national income accounting include gross domestic product (GDP), gross national product (GNP) and gross national income (GNI).
Investment dictionary. Academic. 2012.
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national income accounting — Set of principles and methods used to measure a country s income and production. There are two ways of measuring national economic activity: the expenditure approach, which measures the money value of the total output of goods and services in a… … Universalium
National Income and Product Accounts — The National Income and Product Accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general… … Wikipedia
Net national income — (NNI) is an economics term used in national income accounting. It can be defined as the net national product (NNP) minus indirect taxes. Net national income encompasses the income of households, businesses, and the government. It can be expressed … Wikipedia
Net National Income — (NNI) is an economics term used in National income accounting. It can be defined as the Net National Product (NNP) minus indirect taxes. Net National Income encompasses the income of households, businesses, and the government.It can be expressed… … Wikipedia
Measures of national income and output — A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), and net national income (NNI). All are… … Wikipedia
income — incomeless, adj. /in kum/, n. 1. the monetary payment received for goods or services, or from other sources, as rents or investments. 2. something that comes in as an addition or increase, esp. by chance. 3. Archaic. a coming in. [1250 1300; ME:… … Universalium
national — nationally, adv. /nash euh nl, nash neuhl/, adj. 1. of, pertaining to, or maintained by a nation as an organized whole or independent political unit: national affairs. 2. owned, preserved, or maintained by the federal government: a national… … Universalium
National Insurance contributions — NIC Payments made by those with earned income that contribute to the National Insurance Fund, from which benefits are paid. These benefits include retirement pensions, jobseekers allowance, widow s benefits, incapacity benefit, and maternity… … Accounting dictionary
National accounts — Economics … Wikipedia
income — money that is being earned by the business. Glossary of Business Terms * * * income in‧come [ˈɪŋkʌm, ˈɪn ] noun 1. [countable, uncountable] money that you earn from your job or that you receive from investments: • The family pays more than 50% of … Financial and business terms