Social product (national product)

The value, expressed in monetary terms, of all goods and services newly created in a year within an economy or economic area, unless otherwise specified, and recorded according to specific, internationally uniform statistical rules. – Gross national product (GNP) is the total value added in a calendar year. It measures the economic output of all residents, irrespective of whether this was generated domestically or abroad. Gross domestic product shows the value of the total output of goods and services produced within the country’s borders after deduction of intermediate consumption plus taxes on production and imports less subsidies. – In the respective Monthly Bulletin of the ECB, data on the expenditure side of national product are shown in various subdivisions in the annex “Euro area statistics” under the heading “Prices, output, demand and labor markets.” – See Balance of Payments Manual, fiscal quota, wage quota, national income, national accounts, value added.

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/