Macro accounts

Question 1

GDP - Expenditure Approach

Answer 1

Consumption
\+ Investment spending
\+ Government purchases
\+ Exports
- Imports

Question 2

GDP - Production Approach

Answer 2

Production value
- Intermediate inputs
+ Taxes
- Subsidies

Question 3

GDP - Distribution Approach

Answer 3

Wages, salaries, and other labor
income
\+ Interest, rent, and other
property income
\+ Indirect taxes
\+ Depreciation
\+ Profits

Question 4

Gross Domestic Product

Answer 4

= market value of all final goods and services which are produced within the
borders of a country.

Question 5

Gross National Income

Answer 5

market value of all final goods and services which are produced by the
residents of a country.

Question 6

GNI calculation

Answer 6

GDP

+ Balance of primary income from the rest of the world

Question 7

Balance of primary income

Answer 7

+ receipts of factor
income from the
rest of the world

• receipts of factor
  income to the rest
  of the world

Question 8

(Net) National Income at market prices

Answer 8

GNI - Depreciations

Question 9

(Net) National Income at factor costs

Answer 9

(Net) National Income at market prices

• (Indirect Taxes - Subventions)

Question 10

Compensation of employees

Answer 10

(Net) National Income at factor costs

• Property and entrepreneurial income

Question 11

Disposable income

Answer 11

(Net) National Income at factor costs

• (Direct taxes - Transfers)

Question 12

Nominal GDP

Answer 12

GDP at current prices

Question 13

Real GDP

Answer 13

constant prices (base year prices reference)