Individual income comes from factor income
and government transfer payment.
f] represents wages and factor incomes
and F represents the profits.
The decrease in consumption leads to a smaller "consumption fund" that finances interest and original factor income
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income
(such as interest and dividends) and net transfer payments (such as foreign aid).
As the industry sector was not significant in this region, a separate industry account was not classified and the factor income
received from industries in the rest of the world was added to the service sector.
2 percent, decelerating from the previous quarter, as losses from trade in real terms expanded and offset the increase in real net factor income
He added that net factor income
from abroad has increased from Rs.
In addition, we disaggregate euro area current accounts into trade balances, net factor income
, and net current transfers.
8 percent of GDP, mainly due to net factor income
To assess the sources of inequality the Gini coefficient can be decomposed into i) factor income
(before-tax labour, entrepreneurial and property (capital) income); ii) gross income, which includes the impact of social security and other transfers; and finally iii) disposable income, which incorporates the effects of taxation (Box 4.
The current account is calculated using trade balance combined with net factor income
from abroad, or FDI, and net unilateral transfers from abroad, or remittances.
11 billion) in the first quarter, representing a net external factor income
inflow of the same amount, and equivalent to 2.
For 2008 as a whole, the factor income
deficit was 32% of GDP and the current account deficit was 35% of GDP.
At this conference, the discussion topics presented by Chinese participants included: how factor income
is distributed in China; the Chinese real estate market; the importance of productivity growth in China; an evaluation of Chinas poverty alleviation program; and stock market valuation, and the inelastic demand for stocks, in China.
Investment income from abroad, or net factor income
from abroad (NFIA), was down in 2007.