Disposable income is defined as income left at institutional units' disposal for final consumption and saving.
General governmental final consumption expenditures on collective services are different from the previous ones.
Final consumption expenditures of non-profit institutions serving households are outlays of public associations on consumer goods and services provided free to households.
Use of disposable income account shows how households, general government and non-profit institutions serving households distribute their disposable income between final consumption expenditures and saving.
At the stage of use, GDP is calculated as the sum of final consumption of goods and services, gross formation and net exports excluding imports.
General governmental final consumption expenditures on individual goods and services consist of outlays of government institutions on consumer goods and services intended for personal consumption.
Such grouping shows what the sector pays for final consumption.
Many products and services are created along supply chains that travel from idea conception to final consumption and that include value-added activities of varying degrees of labor-, physical capital-, and intellectual capital-intensity.
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Final consumption expenditures consist of final consumption expenditures of households, general governmental final consumption expenditures on individual goods and services and collective services, and also final consumption expenditures of non-profit institutions serving households.
Final consumption expenditures of households include outlays for purchasing consumer goods and services from all trading enterprises and city markets, non-organised trade (street vendors), from public service, passenger transport, communications establishments, hotels, commercial Institutions of culture, health care and education.
In this case, all IEA countries holding strategic stocks and representing more than 1% of IEA final oil consumption are participating.
In the final three months of 2004, household consumption grew at a quarterly rate of only 0.2%.
Instead, employee wages appear in GDP data as consumption when income is spent on final goods like food, clothing, gadgets, and vacations.
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Whereas the previous estimates had shown meagre consumption growth of 0.2% in the final quarter of 2004, the new ones revised this up to 0.6%.
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