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The Gross National Product and its Threefold Division

In: National Income and Outlay in Czechoslovakia, Poland and Yugoslavia

Author

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  • Jaroslav Krejčí

Abstract

The net material product accounts (NMP accounts) have been recalculated according to the Western concepts of gross national (GNP) or domestic product (GDP). The reasons are threefold. Firstly, a standardised GNP account is needed for comparative purposes. It is not so much the magnitude of the key aggregate itself — net national product (according to the standardised concept) on the one hand, and net material product (national income in Marxist concept) on the other — but the structure of the respective aggregates which hampers a meaningful comparison. This is especially the case with the most often used indicators, such as the share of capital formation and government consumption in gross national expenditure and the share of industry in national product by kind of economic activity. Also the cost structure of the GNP (i.e. national income by distributive shares) may be significantly different when calculated according to the two different concepts.

Suggested Citation

  • Jaroslav Krejčí, 1982. "The Gross National Product and its Threefold Division," Palgrave Macmillan Books, in: National Income and Outlay in Czechoslovakia, Poland and Yugoslavia, chapter 2, pages 13-30, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04684-3_3
    DOI: 10.1007/978-1-349-04684-3_3
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