By G. Stuvel (auth.)
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Additional info for National Accounts Analysis
Sample text
_ -- 25 5 - ... ... , •, --5 2 - 0 -2 ·- ·- 20 ''' 4 2 0 '' .... 2 National exports (E) and imports (I), their balance (E- I) and its components-net factor income (¥ 12 - Y 21 ). net toul'ist expenditure (C 12 - C21 ) and net domestic exports (P 12 - P21 ) -in per cefll of N DI transactions between the United Kingdom and the rest of the world and the development of the national disposable income. ) respectively, both expressed in per cent ofNDI. What these graphs show quite clearly is that the United Kingdom has become increasingly dependent on international trade in the afterwar period.
Although most countries nowadays estimate capital consumption, quite a few (including the United Kingdom) still prefer to keep it as much as possible out of the accounts, thus perpetuating the predominance of the gross concepts. The three alternative forms of recording discussed II Ill 22 The Analytical Framework above are depicted in the matrices shown, where bracketed items are recorded as single entries. 5 For purposes of analysis net concepts are definitely to be preferred to gross concepts, since any analysis based on the latter concepts tends to be very misleading.
E. e. if there is a tendency for above (below) average price increases to be associated with below (above) average quantity increases. Where demand curves are sloping downward and supply curves arc sloping upward, as they normally are, positive correlation is to be expected when changes over time are predominantly changes on the side of demand which bring about shifts in the demand curves and thus movements along rising supply curves. In a similar way negative correlation is to be expected when changes on the side of supply dominate.