so how does the "national income" relate to GDP? [EMAIL PROTECTED] > puzzled over them earlier. > > Bill asks about the components of GDP and perhaps this will help. > In 1995, for example: > > . GDP in the U.S. totaled.................... $7,245.8 billion > . Goods..................................................... > 2,697.4 billion > . Services................................................. > 3,920.8 billion > . Structures............................................. > 627.6 billion > > 'Trade' of course occurs in both goods and services. > > The national income is divided roughly as follows: > > . Labor (compensation of employees)....................72.6% > . Corporate > profits..................................................... 10.0 > . Proprietors' > income................................................. 8.2 > . > Interest.................................................................... > ... 6.9 > . > Rent........................................................................ > ..... 2.1 > > (Statistical Abstract of the United States, 1996-97, pp. 445-449.) > > > Charles Mueller, Editor > ANTITRUST LAW & ECONOMICS REVIEW > http://webpages.metrolink.net/~cmueller > > ************* > > > At 04:07 PM 12/8/97 -0500, you wrote: > >Hi Bill, > > It's supposed to say "TRADE in goods and services as a percentage > >of GDP", as did "subject line" of my message. Sorry about that. > > > >-- Susan > > > >THE TEXT OF YOUR MESSAGE FOLLOWS: > >> > >> Susan Hunt tells us: > >> > >> > > >> >Dear all, > >> > . Here is a table showing "goods and > >> >services as a percentage of GDP" from my text: > >> > > >> > The Netherlands 52% > >> > Germany 37% > >> > New Zealand 33% > >> > Canada 30% > >> > UK 27% > >> > France 23% > >> > Italy 22% > >> > United States 11% > >> > Japan 9% > >> > >> These are most telling statistics. But they would mean more to > >> non-economists if they said something about what the rest of th economy is. > >> Does a GDP of 11% goods and services mean that the rest is just speculitive > >> gain? Or ar there other entities in GDP I don't know about? > >> > >> Bill Ellis > >> http://www.nonviolnce.org/tranet > >> > >> > >> > >> > >> > >> *********************** > >> Bill Ellis > >> TRANET > >> PO BOX 7 > >> Rangeley ME 04970 USA > >> (207)864-2252 > >> URL: http://www.nonviolence.org/tranet/ > >> *********************** > >> > > >
