Net outputNet output is an accounting concept used in national accounts such as the United Nations System of National Accounts (UNSNA) and the NIPAs, and sometimes in corporate or government accounts. The concept was originally invented to measure the total net addition to a country's stock of wealth created by production during an accounting interval. The concept of net output is basically "gross revenue from production less the value of goods and services used up in that production".Gross outputIn economics, gross output (GO) is a measure of the value of production of new goods and services during an accounting period. Gross output represents the total value of sales by producing enterprises (their gross revenue or turnover) in an accounting period (a quarter or a year), before subtracting the value of intermediate goods used up in production from the value of sales.
Value addedValue added is a term in economics for calculating the difference between market value of a product or service, and the sum value of its constituents. It is relatively expressed by the supply-demand curve for specific units of sale. Value added is distinguished from the accounting term added value which measures only the financial profits earned upon transformational processes for specific items of sale that are available on the market.
Gross value addedIn economics, gross value added (GVA) is the measure of the value of goods and services produced in an area, industry or sector of an economy.
National Income and Product AccountsThe national income and product accounts (NIPA) are part of the national accounts of the United States. They are produced by the Bureau of Economic Analysis of the Department of Commerce. They are one of the main sources of data on general economic activity in the United States. They use double-entry accounting to report the monetary value and sources of output produced in the country and the distribution of incomes that production generates.
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Gross domestic productTotal market value of goods and services produced within a countryGDP WorldBankGDP per capita (WorldBank)Gross domestic product (GDP) is a monetarymeasure of the total market value of all of the final goods and services which are produced and rendered during a specific period of time (usually a year) by a country or countries. GDP is often used to measure the economic activity of a country or region.System of National AccountsInternational standard systemThe System of National Accounts or SNA (until 1993 known as the United Nations System of National Accounts or UNSNA) is an international standard system of concepts and methods for compiling national accounts. The system is nowadays used by almost all countries in the world. SNA-type national accounts are among the world's most important sources of macroeconomic statistics.European System of AccountsThe European System of Accounts (ESA) is the system of national accounts and regional accounts used by members of the European Union. It was first adopted in 1968, implemented in all member states by 1975, and updated in 2010 (ESA 2010). The ESA 95 is fully consistent with the United Nations System of National Accounts (1993 SNA) in definitions, accounting rules and classifications.
Stock and flowEconomics, business, accounting, and related fields often distinguish between quantities that are stocks and those that are flows. These differ in their units of measurement. A stock is measured at one specific time, and represents a quantity existing at that point in time (say, December 31, 2004), which may have accumulated in the past. A flow variable is measured over an interval of time. Therefore, a flow would be measured per unit of time (say a year).
Operating leaseThe expression operating lease is somewhat confusing as it has a different meaning based on the context that is under consideration. From a product characteristic standpoint, this type of a lease, as distinguished from a finance lease, is one where the lessor takes larger residual risk, whereas finance leases have no or a very low residual value position. As such, the operating lease is non full payout.Compensation of employeesCompensation of employees (CE) is a statistical term used in national accounts, balance of payments statistics and sometimes in corporate accounts as well. It refers basically to the total gross (pre-tax) wages paid by employers to employees for work done in an accounting period, such as a quarter or a year. However, in reality, the aggregate includes more than just gross wages, at least in national accounts and balance of payments statistics.*As an Amazon Associate I earn from qualifying purchases.