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8/10/2019 Gross domestic product.doc
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8/10/2019 Gross domestic product.doc
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1he history of the concept of GDP should be distinguished from the history of changes in !aysof estimating it. 1he /alue added by firms is relati/ely easy to calculate from their accounts, butthe /alue added by the public sector, by financial industries, and by intangible asset creation ismore comple0. 1hese acti/ities are increasingly important in de/eloped economies, and theinternational con/entions go/erning their estimation and their inclusion or e0clusion in GDP
regularly change in an attempt to keep up !ith industrial ad/ances. 9n the !ords of one academiceconomist "1he actual number for GDP is therefore the product of a /ast patch!ork of statisticsand a complicated set of processes carried out on the ra! data to fit them to the conceptualframe!ork."4' and before.
Determining GDP
Economics
World GDP (PPP) per capita by country(2012)
Index
utline
!ate"ory
History
Types
Classifcation
http://en.wikipedia.org/wiki/Gross_domestic_product#cite_note-6http://en.wikipedia.org/wiki/Angus_Maddisonhttp://en.wikipedia.org/wiki/Economicshttp://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capitahttp://en.wikipedia.org/wiki/Index_of_economics_articleshttp://en.wikipedia.org/wiki/Outline_of_economicshttp://en.wikipedia.org/wiki/Category:Economicshttp://en.wikipedia.org/wiki/File:World_map_GDP_per_capita.svghttp://en.wikipedia.org/wiki/Gross_domestic_product#cite_note-6http://en.wikipedia.org/wiki/Angus_Maddisonhttp://en.wikipedia.org/wiki/Economicshttp://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capitahttp://en.wikipedia.org/wiki/Index_of_economics_articleshttp://en.wikipedia.org/wiki/Outline_of_economicshttp://en.wikipedia.org/wiki/Category:Economics8/10/2019 Gross domestic product.doc
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#istory o$ econo%ics
&cono%ic history (acade%ic study)
'chools o$ econo%ics
icroecono%ics
acroecono%ics
#eterodox econo%ics
ethodolo"y
&* classi+cation codes
Theory
Techniques
&cono%etrics
&cono%ic "ro,th
&cono%ic syste%
&xperi%ental
athe%atical
Ga%e theory
-ational accountin"
By application
"ricultural
/ehaioral
/usiness
!o%putational
!ultural
http://en.wikipedia.org/wiki/History_of_economic_thoughthttp://en.wikipedia.org/wiki/Economic_historyhttp://en.wikipedia.org/wiki/Economic_historyhttp://en.wikipedia.org/wiki/Schools_of_economic_thoughthttp://en.wikipedia.org/wiki/Microeconomicshttp://en.wikipedia.org/wiki/Macroeconomicshttp://en.wikipedia.org/wiki/Heterodox_economicshttp://en.wikipedia.org/wiki/Economic_methodologyhttp://en.wikipedia.org/wiki/JEL_classification_codeshttp://en.wikipedia.org/wiki/Econometricshttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Economic_systemhttp://en.wikipedia.org/wiki/Experimental_economicshttp://en.wikipedia.org/wiki/Mathematical_economicshttp://en.wikipedia.org/wiki/Game_theoryhttp://en.wikipedia.org/wiki/National_accountshttp://en.wikipedia.org/wiki/Agricultural_economicshttp://en.wikipedia.org/wiki/Behavioral_economicshttp://en.wikipedia.org/wiki/Business_economicshttp://en.wikipedia.org/wiki/Computational_economicshttp://en.wikipedia.org/wiki/Cultural_economicshttp://en.wikipedia.org/wiki/History_of_economic_thoughthttp://en.wikipedia.org/wiki/Economic_historyhttp://en.wikipedia.org/wiki/Schools_of_economic_thoughthttp://en.wikipedia.org/wiki/Microeconomicshttp://en.wikipedia.org/wiki/Macroeconomicshttp://en.wikipedia.org/wiki/Heterodox_economicshttp://en.wikipedia.org/wiki/Economic_methodologyhttp://en.wikipedia.org/wiki/JEL_classification_codeshttp://en.wikipedia.org/wiki/Econometricshttp://en.wikipedia.org/wiki/Economic_growthhttp://en.wikipedia.org/wiki/Economic_systemhttp://en.wikipedia.org/wiki/Experimental_economicshttp://en.wikipedia.org/wiki/Mathematical_economicshttp://en.wikipedia.org/wiki/Game_theoryhttp://en.wikipedia.org/wiki/National_accountshttp://en.wikipedia.org/wiki/Agricultural_economicshttp://en.wikipedia.org/wiki/Behavioral_economicshttp://en.wikipedia.org/wiki/Business_economicshttp://en.wikipedia.org/wiki/Computational_economicshttp://en.wikipedia.org/wiki/Cultural_economics8/10/2019 Gross domestic product.doc
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De%o"raphic
Deelop%ent
Di"itiation
&colo"ical
&ducation
&niron%ental
&olutionary
&xpeditionary
Geo"raphy
#ealth
Industrial or"aniation
In$or%ation
International
*abour
*a,
ana"erial
onetary 3inancial
-atural resource
Personnel
Public Wel$are econo%ics
4e"ional
4ural
5rban
http://en.wikipedia.org/wiki/Demographic_economicshttp://en.wikipedia.org/wiki/Development_economicshttp://en.wikipedia.org/wiki/Digitization_economicshttp://en.wikipedia.org/wiki/Ecological_economicshttp://en.wikipedia.org/wiki/Education_economicshttp://en.wikipedia.org/wiki/Environmental_economicshttp://en.wikipedia.org/wiki/Evolutionary_economicshttp://en.wikipedia.org/wiki/Expeditionary_economicshttp://en.wikipedia.org/wiki/Economic_geographyhttp://en.wikipedia.org/wiki/Health_economicshttp://en.wikipedia.org/wiki/Industrial_organizationhttp://en.wikipedia.org/wiki/Information_economicshttp://en.wikipedia.org/wiki/International_economicshttp://en.wikipedia.org/wiki/Labour_economicshttp://en.wikipedia.org/wiki/Law_and_economicshttp://en.wikipedia.org/wiki/Managerial_economicshttp://en.wikipedia.org/wiki/Monetary_economicshttp://en.wikipedia.org/wiki/Financial_economicshttp://en.wikipedia.org/wiki/Natural_resource_economicshttp://en.wikipedia.org/wiki/Personnel_economicshttp://en.wikipedia.org/wiki/Public_economicshttp://en.wikipedia.org/wiki/Welfare_economicshttp://en.wikipedia.org/wiki/Regional_sciencehttp://en.wikipedia.org/wiki/Rural_economicshttp://en.wikipedia.org/wiki/Urban_economicshttp://en.wikipedia.org/wiki/Demographic_economicshttp://en.wikipedia.org/wiki/Development_economicshttp://en.wikipedia.org/wiki/Digitization_economicshttp://en.wikipedia.org/wiki/Ecological_economicshttp://en.wikipedia.org/wiki/Education_economicshttp://en.wikipedia.org/wiki/Environmental_economicshttp://en.wikipedia.org/wiki/Evolutionary_economicshttp://en.wikipedia.org/wiki/Expeditionary_economicshttp://en.wikipedia.org/wiki/Economic_geographyhttp://en.wikipedia.org/wiki/Health_economicshttp://en.wikipedia.org/wiki/Industrial_organizationhttp://en.wikipedia.org/wiki/Information_economicshttp://en.wikipedia.org/wiki/International_economicshttp://en.wikipedia.org/wiki/Labour_economicshttp://en.wikipedia.org/wiki/Law_and_economicshttp://en.wikipedia.org/wiki/Managerial_economicshttp://en.wikipedia.org/wiki/Monetary_economicshttp://en.wikipedia.org/wiki/Financial_economicshttp://en.wikipedia.org/wiki/Natural_resource_economicshttp://en.wikipedia.org/wiki/Personnel_economicshttp://en.wikipedia.org/wiki/Public_economicshttp://en.wikipedia.org/wiki/Welfare_economicshttp://en.wikipedia.org/wiki/Regional_sciencehttp://en.wikipedia.org/wiki/Rural_economicshttp://en.wikipedia.org/wiki/Urban_economics8/10/2019 Gross domestic product.doc
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Wel$are
Lists
&cono%ists
Publications(6ournals)
Business and economics portal
t
e
GDP can be determined in three !ays, all of !hich should, in principle, gi/e the same result.1hey are the production (or output or /alue added) approach, the income approach,or thee0penditure approach.
1he most direct of the three is the production approach, !hich sums the outputs of e/ery class ofenterprise to arri/e at the total. 1he e0penditure approach !orks on the principle that all of theproduct must be bought by somebody, therefore the /alue of the total product must be eual topeople2s total e0penditures in buying things. 1he income approach !orks on the principle that theincomes of the producti/e factors ("producers," collouially) must be eual to the /alue of theirproduct, and determines GDP by finding the sum of all producers2 incomes.?*
Production approach
1his approach mirrors the +-Ddefinition gi/en abo/e.
1. &sti%ate the "ross alue o$ do%estic output out o$ the %any ariousecono%ic actiities7
2. Deter%ine the inter%ediate consu%ption8 i.e.8 the cost o$ %aterial8 suppliesand serices used to produce +nal "oods or serices.
9. Deduct inter%ediate consu%ption $ro% "ross alue to obtain the "ross alueadded.
http://en.wikipedia.org/wiki/Welfarehttp://en.wikipedia.org/wiki/Category:Economics_listshttp://en.wikipedia.org/wiki/List_of_economistshttp://en.wikipedia.org/wiki/List_of_important_publications_in_economicshttp://en.wikipedia.org/wiki/List_of_economics_journalshttp://en.wikipedia.org/wiki/Portal:Business_and_economicshttp://en.wikipedia.org/wiki/Template:Economics_sidebarhttp://en.wikipedia.org/wiki/Template_talk:Economics_sidebarhttp://en.wikipedia.org/w/index.php?title=Template:Economics_sidebar&action=edithttp://en.wikipedia.org/wiki/Income_approachhttp://en.wikipedia.org/wiki/Income_approachhttp://en.wikipedia.org/wiki/Gross_domestic_product#cite_note-7http://en.wikipedia.org/wiki/OECDhttp://en.wikipedia.org/wiki/Intermediate_consumptionhttp://en.wikipedia.org/wiki/File:Emblem-money.svghttp://en.wikipedia.org/wiki/Welfarehttp://en.wikipedia.org/wiki/Category:Economics_listshttp://en.wikipedia.org/wiki/List_of_economistshttp://en.wikipedia.org/wiki/List_of_important_publications_in_economicshttp://en.wikipedia.org/wiki/List_of_economics_journalshttp://en.wikipedia.org/wiki/Portal:Business_and_economicshttp://en.wikipedia.org/wiki/Template:Economics_sidebarhttp://en.wikipedia.org/wiki/Template_talk:Economics_sidebarhttp://en.wikipedia.org/w/index.php?title=Template:Economics_sidebar&action=edithttp://en.wikipedia.org/wiki/Income_approachhttp://en.wikipedia.org/wiki/Gross_domestic_product#cite_note-7http://en.wikipedia.org/wiki/OECDhttp://en.wikipedia.org/wiki/Intermediate_consumption8/10/2019 Gross domestic product.doc
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Gross :alue dded 'tructure ;1