Source: SourceOCDE Economie générale et études prospectives, Volume 2006, Number 9, March 2007 , pp. i-419(420)

Publisher: OECD - Organisation for Economic Co-operation and Development

Abstract:

This manual explains what GDP and GNI and their components are and what they mean. It shows how they are used and what they are used for. And it does this in an easily understood way. Opening with a chapter showing how national accounts concepts relate to macroeconomics, the books goes on to systematically deal with volume and prices, international comparability, production, final uses, household accounts, business accounts, government accounts, and financial accounts. It also has chapter on how national accounts data are gathered and the history of the national accounts system. Three special chapters examine national accounts in China, India, and the United States. Previously published only in French, this manual has been revised and expanded to have a truly global perspective.

Chapter 1. The Essential Macroeconomic Aggregates

-Defining GDP

-Deriving GDP in Volume

-Defining Demand: The Role of Investment and Consumption

-Reconciling Output and Demand

-Reconciling Output and Income

-How Are These Figures Obtained?

-Accuracy of National Accounts

-Limitations and Pitfall to be Avoided

-Exercises

Chapter 2. Distinguishing between Volume and Price Increases

-A Word of Caution: Compare Volumes

-The Volume/Price Breakdown Applied to Changes over Time

-The Difficulties of Aggregation

-Volume Indices and Price Indices

-Constant Prices

-"Chained" Accounts and the Loss of Additivity

-Unpleasant Practical Consequences of Chain Linking

-Special Cases

-Exercises

Chapter 3. International Comparisons

-Comparison of Growth Rates

-Comparison of Ratios: The Example of the Saving Ratio

-Comparison of Levels of Variables: GDP per Head in Volume

-The Spatial Volume/Price Breakdown: Purchasing Power Parities

-Comparison of Variables in Absolute Terms: Household Consumption

-Exercises

Chapter 4. Production: What it Includes and Excludes

-The Production Frontier

-The Illegal Economy and the Underground Economy

-Measurement of Output and of Value Added

-Nomenclatures and Classifications

-Exercises

Chapter 5. Defining Final Uses of GDP

-Final Uses in the National Accounts

-Households' Final Consumption Expenditure

-Fiunal Consumption Expenditure by Governments

-Final Consumption Expenditure of the NPISHs

-Moving from Consumption Expenditure to Actual Consumption

-Gross Fixed Capital Formation

-Changes in Inventories

-Net Acquisitions of Valuables

-Exports and Imports of Goods and Services

-Exercises

Chapter 6. The Household Account

-The Three Indicators in the Household Account

-The Household Sector Accounts

-An Alternative Way to Measure Household Disposable Income and Consumption

-Exercises

Chapter 7. Business Accounts

-The Relationship between the Firm and the Corporation

-The Structure of Corporate-Sector Accounts

-From Corporations to Firms

-Consumption of Fixed Capital and Amortisation

-Profits and Gross Operating Surplus: Not to be Confused

-Exercises

Chapter 8. The Financial and Balance Sheet Accounts

-The Importance of Household Wealth for the Analysis of the Current Economic Situation

-The Principle of Quadruple-Entry Bookkeeping

-Financial Assets and Liabilities

-The Link between Financial Flows and Stocks

-Non-Financial Assets

-The Complete Sequence of Accounts of an Institutional Sector

-Exercises

Chapter 9. The General Government Account

-A Simplified Diagram for General Government

-Detailed Structure of the General Government Account

-What Does General Government Include?

-The Principal Public-Finance Indicators

-Exercises

Chapter 10. The Input-Output Table and Integrated Economic Accounts

-The Supply-and-Use Tables

-The Aggregated Supply and Final Uses Tables

-Intermediate Use Table

-The Input-Output Table

-The Use of the Input-Output Table for Economic Analysis

-From the Sum of the Values Added to GDP

-The Integrated Economic Account

-The Transition from GDP to National Income

Exercises

Chapter 11. The National Accounts Machinery

-The Quarterly National Accounts

-The Annual National Accounts

-The Revisions to the National Accounts and their Precision

-Comprehensive Revisions

-Other Data Sets Related to the National Accounts

Exercises

Chapter 12.

Document Type: Review article

Publication date: 2007-03-01

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