Before subtracting capital depreciation

after subtracting capital depreciation

Working approach

Income approach and Expenditure approach

Retained earnings, corporate income taxes and contributions for social insurance

) Interest income households receive from holdings of government debt and income from social security payments

Income approach

statistical discrepancy

Gross fixed capital formation plus capital equipment

Gross fixed capital formation plus a change in inventories

Consumption, Investment, Govt. Expenditure, Net exports

the total amount paid for the services of the factors of production used to produce final goods and services

False

True

False

True

labour, capital, land and entrepreneurial ability (anything bringing rising inflation)

Consumption, Investment, Govt. Expenditure, Net exports

True

False

Net exports

Quantity and quality of exports and higher standards of living

False

True

The amount by which the value of capital increases

Investments made by the business

When consumers pay more for some G&S than what producers receive because of indirect taxes

When consumers pay less for some G&S than producers receive because of subsidies

The amount of good left over by the business

net interest, rental income, dividends and proprietors income