MIT11_481Js09_lec14

MIT11_481Js09_lec14 - MIT OpenCourseWare http:/ocw.mit.edu...

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MIT OpenCourseWare http://ocw.mit.edu 11.481J / 1.284J / ESD.192J Analyzing and Accounting for Regional Economic Growth Spring 2009 For information about citing these materials or our Terms of Use, visit: http://ocw.mit.edu/terms .
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REGIONAL ACCOUNTING Karen R. Polenske ANALYZING AND ACCOUNTING FOR REGIONAL ECONOMIC GROWTH 11.481J, 1.284J, ESD192J
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What are national and regional accounts? How are they structured? What use is made of them? 11.481J, 1.284J, ESD192J
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HISTORY OF ACCOUNTS • Material Product Accounts • Comprehensive Goods and Services • Restricted Product Accounts 11.481J, 1.284J, ESD192J
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CURRENT MAJOR CONCEPTUAL ACCOUNTING FRAMEWORKS • System of National Accounts (SNA) • European System of National Accounts (ESA) • U.S. System of National Accounts • Material-Product System (MPS) 11.481J, 1.284J, ESD192J
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TYPES OF ACCOUNTS • Income and Product • Input-Output (Interindustry) • Flow-of-Fund • Balance-of Payment •Wea l th • Household
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FINAL DEMAND COMPONENTS • Personal Consumption Expenditures (PCE) • Gross Fixed Private Capital Formation (CFPCF) • Net Inventory Change (Additions-Depletions) • Net Foreign Exports (Gross Exports-Gross Imports) • Federal Government Expenditures (FG) • State and Local Government Expenditures (SLG) 11.481J, 1.284J, ESD192J
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VALUE ADDED COMPONENTS • Wages and salaries • Taxes •P ro f i
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BASIC CIRCULAR FLOW OF THE ECONOMY LABOR MARKET HOUSEHOLD SECTOR INDUSTRY SECTOR PRODUCT MARKET 11.481J, 1.284J, ESD192J
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MIT11_481Js09_lec14 - MIT OpenCourseWare http:/ocw.mit.edu...

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