Difference between revisions of "Gross Operating Surplus"
From Open Risk Manual
Wiki admin (talk | contribs) (Initial Entry) |
Wiki admin (talk | contribs) |
||
| Line 1: | Line 1: | ||
== Definition == | == Definition == | ||
| − | '''Gross Operating Surplus'''. As part of the 2003 comprehensive NIPA revision, replaced “other value added” as one of the three components of value added. It is a profits-like measure that includes proprietors’ income, corporate profits, net interest, business transfer payments, etc. GOS can be calculated as gross output less (1) intermediate inputs, (2) employee compensation, and (3) “taxes on production and imports less subsidies.”<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | + | '''Gross Operating Surplus''' (GOS). As part of the 2003 comprehensive NIPA revision, replaced “other value added” as one of the three components of value added. It is a profits-like measure that includes proprietors’ income, corporate profits, net interest, business transfer payments, etc. |
| + | |||
| + | GOS can be calculated as gross output less (1) intermediate inputs, (2) employee compensation, and (3) “taxes on production and imports less subsidies.”<ref>Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009</ref> | ||
== References == | == References == | ||
Latest revision as of 23:31, 13 November 2023
Definition
Gross Operating Surplus (GOS). As part of the 2003 comprehensive NIPA revision, replaced “other value added” as one of the three components of value added. It is a profits-like measure that includes proprietors’ income, corporate profits, net interest, business transfer payments, etc.
GOS can be calculated as gross output less (1) intermediate inputs, (2) employee compensation, and (3) “taxes on production and imports less subsidies.”[1]
References
- ↑ Concepts and Methods of the US Input-Output Accounts. K.J.Horowitz, M.A.Planting, 2009
