Total activity/sectoral output = total intermediate use + total final consumption + total gross capital formation + exports + other - imports
Savings is the leakage of national income
Investment is the injection of national income
Extra-budgetary government revenues:
No. fiscal revenues that are managed through the national budget. Mainly:
1 Extra-budgetary revenues included in local finance. Such as industrial and commercial tax surcharges, industrial and commercial income tax and some other tax surcharges; local centralized renewal and transformation funds income, public property and public housing rental income.
2 administrative and institutional extra-budgetary income. Such as highway maintenance fees, waterway maintenance fees, forestry funds, urban garden income, social welfare income, culture and education, health, broadcasting, scientific research income.
3 universal ownership of enterprises in possession of the enterprise special fund income. Such as enterprise renewal and reconstruction funds.
Sectoral Classification:
Unlike the current National Economic Industry Classification (NEC), the sectoral classification of the IO table strictly follows the criteria of "pure sector" or "pure product". It is assumed that a sector produces only one product or provides one service, and employs only one mode of production technology, i.e., the "homogeneity assumption"
Sectors are product sectors
Rows: the amount of value of the goods or services produced by each output sector and supplied for use by each input sector (intermediate use)
Columns: the amounts consumed in the process of production by each input sector. Columns: the value of goods or services consumed by each input sector in the production process (intermediate inputs)
Compensation of workers
This refers to all the compensation paid to workers in various forms by resident establishments over a certain period of time (the period of accounting), which is roughly equivalent to that of an employee in the UN SNA. It consists of three parts: First, monetary wages, including wages, bonuses, allowances, subsidies, etc., paid directly to workers by the production unit, calculated on the basis of pre-tax payments; second, wages in kind, i.e., a variety of goods and services provided by the production unit to the workers at no cost or at a price lower than the cost of the goods and services, as well as consumer goods for the residents' own consumption and use; and third, social insurance, meaning that the unit Third, social insurance, which refers to the contributions paid directly to the government and the insurance department for workers for unemployment, retirement, old-age, personal, medical, and family property insurance, these contributions are counted as workers' compensation for the current period, regardless of when they are actually paid to the workers later.
Fixed Asset Investment
Fixed Asset Investment is the workload of the enterprise in a certain period of time in the construction and acquisition of fixed assets in the form of money and the change in costs associated with this. Including property, buildings, machinery, machinery, means of transportation, as well as enterprises for capital construction, upgrading, overhaul and other fixed asset investment.
Through the construction and acquisition of fixed assets activities, the national economy continues to adopt advanced technology and equipment, the establishment of new sectors, and further adjust the economic structure and regional distribution of productive forces, to enhance economic strength, and to improve the material and cultural life of the people to create the material conditions
Fixed Asset Investment and Fixed Capital Formation of the two indicators of what is the difference between?
Fixed asset investment and fixed capital formation are two different indicators. Fixed capital formation refers to the gross fixed capital formation in the expenditure method GDP accounting, and fixed asset investment refers to the amount of social fixed asset investment in fixed asset investment statistics. The main differences between the two can be summarized in the following aspects:
1, the amount of investment in fixed assets of the whole society, including the acquisition of land, the acquisition of old buildings and the acquisition of old equipment; gross fixed capital formation does not include these costs, with the increase in the cost of land, the cost of land accounted for the proportion of investment shows a gradual increase in the trend.
2, the amount of investment in fixed assets of society as a whole includes only the investment in projects with a total planned investment of more than 5 million yuan, excluding the investment in projects of less than 5 million yuan, and excluding piecemeal purchases of fixed assets; gross fixed capital formation includes both the investment in projects with a total planned investment of more than 5 million yuan and the investment in projects of less than 5 million yuan, and also includes piecemeal purchases of fixed assets.
3, the amount of investment in fixed assets of society as a whole does not include the value-added sales of commercial properties, new product trials increased fixed assets and land improvement expenditures not formally established projects; gross fixed capital formation includes these values.
4, social investment in fixed assets only includes the increase in tangible fixed assets, gross fixed capital formation includes the increase in tangible fixed assets, including mineral exploration, computer software and other intangible fixed assets.
Operating Surplus
Operating surplus is the balance of total output after deducting intermediate inputs, labor compensation, depreciation of fixed assets, and net production taxes, and is roughly equivalent to operating profit, minus wages and benefits paid out of profits. If the enterprise receives production subsidies from the government, the subsidies should also be included in the operating surplus item.
Operating Surplus = Operating Profit + Production Subsidies - Wages and Benefits from Profits - Community Chest from Profits after Tax.
Gross output is the value of all goods and services produced by a resident unit in a given period of time, including both value added and value transferred. Value added is GDP and value transferred is intermediate inputs.
Trade in Services
As defined by the World Trade Organization (WTO), there are 12 major areas of trade in services, including business services, communication services, construction and related engineering services, financial services, tourism and travel-related services, recreational, cultural and sports services, transportation services, health and social services, educational services, distribution services, environmental services and other Services.
One of the three major exhibitions for China's opening up to the outside world. In the area of trade in goods, Shanghai's Expo focuses on imports, Guangzhou's Canton Fair focuses on exports, and Beijing's Fair for Trade in Services focuses on trade in services, all of which complement each other.
The service sector in the IO table includes:
Tri-industry division
Primary industry: agriculture, forestry, animal husbandry and fishery
Secondary industry: industry (mining, manufacturing, electricity, heat, gas, and water production and supply), and construction
Tertiary industry: service industry
Resident's savings rate = total savings of the household sector / disposable income of the household sector Income
Where, total household sector savings = household sector disposable income - household sector final consumption
Property income, also known as asset-based income, refers to income generated through capital participation in social production and living activities. That is, income derived from movable assets (such as bank deposits, securities, vehicles, collectibles, etc.) and immovable assets (such as houses, etc.) owned by households. Including interest, rent, patent income from the concession of the right to use the property; dividend income from the operation of the property, property value-added income, and so on.
Disposable income per capita=wage income+transfer income (pension, etc.) +operational income (commercial trading income) +property income
(1) Wage income refers to all the remuneration for labor received by employed persons through various means, including the wages of the main occupation as well as other labor income derived from the engagement in a second occupation, other part-time jobs and sporadic labor.
(2) business income, refers to all business income or sales income earned by individual or private owners in one accounting cycle (one month), as well as rental income from the operation of housing rental business.
(3) property income, refers to the family owned movable assets (such as bank deposits, securities), real estate (such as vehicles, land, collectibles, etc.) income. Including interest, rent, patent income from the concession of the right to use the property; dividend income from the operation of the property, property value-added income.
(4) transfer income, refers to the state, units, social organizations of various transfers to households and the transfer of income between households. Including the government's transfer of personal income, such as retirement pension, unemployment benefits, compensation, etc.; units of personal income transfer of severance pay, insurance claims, housing provident fund, etc.; family, gifts and support among relatives and friends, etc..
The value added of each sector is an important indicator reflecting the value of new added value created in the production process and the value of transfer of fixed assets, which is the final result of the production activities of each production sector.
Business transfers to the population: social and charitable donations to non-profit organizations and consumer bad debts.
Government transfers to residents:
Social insurance funds: basic pension insurance fund for enterprise employees, unemployment insurance fund, basic medical insurance fund for urban workers, industrial injury insurance fund, maternity insurance fund
belongs to the "budget, final accounts of revenue and expenditure" under the "non-tax revenue". + Labor remuneration received by the government in this segment - Labor remuneration paid by the government in this segment + Net production tax received by the government + Property income received by the government - Property income paid by the government
Gross disposable income in the government's redistribution segment = Gross income of the government's initial distribution + Government recurrent transfer revenues - Government recurrent transfer expenditures
Labor remuneration received by the government refers to Salaries and wage income received by government workers;
Property income received by the government is government interest and dividend income;
Property income paid by the government = interest payments on government loans + interest payments on the central government's national debt;
Recurrent transfer income to the government = income taxes received by the government + social insurance contributions received by the government;
Recurrent transfer expenditure of the government = expenditure of the Social Insurance Fund (government expenditure on social insurance benefits) + government expenditure on social grants.
② the process of formation of the final pattern of income distribution in the enterprise
The total income of the initial distribution of enterprises = value added by the enterprise + labor remuneration received by the enterprise in this segment - the enterprise in this segment to pay the
National Income Distribution
National Income Distribution
Labor remuneration - the enterprise to pay the net tax on production + the enterprise to receive the property income - enterprise Property income received by enterprises - property income paid by enterprises
Gross disposable income of enterprises in the redistribution chain = gross income of enterprises in the primary distribution + recurrent transfer income of enterprises - recurrent transfer expenditure of enterprises
Among them, the labor remuneration received by enterprises includes both wage income and social insurance payments; property income and production taxes are analyzed in the same way as in the government.
③ the process of formation of the final pattern of income distribution of residents
Total income of the initial distribution of residents = the value added of the residents + labor remuneration received by the residents of this segment - labor remuneration paid by the residents of this segment - net production tax paid by the residents of this segment + property income received by the residents of this segment - property income paid by the residents of this segment
.