(1) remuneration of production factors such as wages, interest and rent.
Wages include all remuneration, allowances and welfare expenses for work, as well as income tax (which is direct tax) and social insurance tax that wage earners must pay. Interest here refers to the interest income of monetary funds provided by people to enterprises, such as bank deposit interest, corporate bond interest, etc., but does not include interest on government bonds and consumer credit. Rent includes rental income from renting land and houses, as well as income from patents and copyrights.
(2) Income of non-corporate business owners.
Such as doctors, lawyers, farmers and shopkeepers. They use their own funds and are self-employed. Their wages, interests, profits and rents are often mixed together as the income of non-corporate business owners.
(3) Pre-tax profit of the company.
Including corporate income tax, social insurance tax, shareholder dividends and undistributed profits of the company.
(4) Enterprise transfer payment and enterprise indirect tax.
Although these incomes are not created by production factors, they should be passed on to buyers through product prices, so they should also be regarded as costs. Corporate transfer payment includes charitable donations to non-profit organizations and bad debts of consumers. Indirect taxes of enterprises include goods tax or sales tax and turnover tax.
(5) Capital depreciation.
Although it is not factor income, it is included in the investment cost that should be recovered, so it should also be included in GDP.
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The gross domestic product calculated by income method includes the following items: workers' remuneration: that is, all the remuneration that workers deserve for engaging in production activities; Net product tax: the balance of product tax minus production subsidy. Depreciation of fixed assets: refers to the depreciation of fixed assets in a certain period of time according to the specified depreciation rate of fixed assets to make up for the loss of fixed assets. Operating surplus: reflects the total income of production factors such as land, capital and management except labor in the initial distribution.
The three accounting methods of GDP are: production method, income method and expenditure method.
1, making method. The calculation formula is: GDP = total output-intermediate input (material product input+service input).
2. Income method. The calculation formula is: GDP = remuneration of workers+depreciation of fixed assets+net product tax+operating surplus.
3. Expenditure method. The calculation formula is: GDP = total consumption+total investment+net export of goods and services = (household consumption+government consumption)+(total fixed capital formation+inventory increase)+(export of goods and services-import of goods and services).
Gross domestic product (GDP): refers to the sum of all final products and services produced by all permanent units in a certain period of time in a country (or region), and is often considered as an indicator to measure the economic situation of a country (or region).
There are three methods of GDP accounting, namely, production method, income method and expenditure method, which reflect the results of national economic production activities from different angles, and the accounting results of the three methods are the same in theory.