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Five related aggregates in national income accounting and their relationships
Five related aggregates in national income accounting and their relationships

① Gross domestic product (GDP)

② Net GDP NDP

Net domestic product (NDP) refers to the net value of the final products produced by a country (or region) at market value in a certain period.

NDP = GDP-depreciation

③ National income index

National income NI refers to the actual income that a country (or region) obtains from the owners of various production factors within its territory in a certain period of time, that is, the sum of wages, interest, land rent and profits.

NI= salary+interest+rent+profit = NDP- (indirect tax-government subsidy to enterprises)-enterprise transfer payment

④ Personal income PI

Personal income PI refers to the sum of all the income that individuals get in a certain period of time in a country.

⑤ PDI in disposable personal income.

Disposable personal income PDI refers to the total income that a country can control by individuals in a certain period of time.

PDI = pi-personal income tax

According to the newly formulated national industry classification standard "National Economic Industry Classification and Code" (GB/T4754-94), the original domestic commerce, foreign trade and material supply and marketing industries are unified into wholesale and retail. Including wholesale and retail.

The total retail sales of social consumer goods refers to the sum of the retail sales of consumer goods to urban and rural residents and social groups and the retail sales of farmers to non-agricultural residents in various economic types, such as wholesale and retail, catering and manufacturing.

The total purchase amount of goods refers to the amount of goods (including direct imports from abroad) purchased from units and individuals outside the enterprise for resale or resale after processing.

Including purchases from industrial and agricultural producers, purchases from wholesale and retail trade, imports and other purchases. This indicator reflects the total amount of goods purchased by wholesale and retail trading enterprises from domestic and foreign markets.

The total sales of goods refers to the amount of goods (including goods sold to the unit for consumption) sold to units and individuals other than enterprises (including goods directly exported to overseas).

The index consists of the wholesale volume of production and business units, the wholesale volume of wholesale and retail trade, the export volume, and the retail sales of goods to residents and social groups. This index reflects the total amount of goods sold and exported by retail trade enterprises in the domestic market.

Commodity sales income (operating income) refers to the commodity sales income of wholesale and retail trading enterprises, the commodity income entrusted by other units and the operating income of catering enterprises. 1994 VAT is subject to extra-price tax, so the income from commodity sales does not include VAT. Compared with the figures before 1994.

The net income of commodity sales refers to the net income of wholesale and retail trading enterprises selling commodities, minus the discounts and concessions of commodity sales.

After the new tax system is implemented, value-added tax will be levied on commercial wholesale and retail. The extra tax is not included in the sales revenue. Therefore, VAT is not included in sales tax and surcharges.

The current commodity sales tax and surcharges include urban maintenance and construction tax and education surcharge. The contrast caliber is different from the previous 1994.