{"id":5465,"date":"2019-02-14T10:33:56","date_gmt":"2019-02-14T05:03:56","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5465"},"modified":"2019-02-16T10:21:31","modified_gmt":"2019-02-16T04:51:31","slug":"national-accounts-using-output-approach","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/national-accounts-using-output-approach\/","title":{"rendered":"National Accounts using output approach"},"content":{"rendered":"<p>Estimating National production based on Output flow, is named output approach.<\/p>\n<p>When calculating national accounts with output approach, multiple counting can occur.<\/p>\n<h3>\nTo avoid multiple counting, two methods can be used.<\/h3>\n<ul>\n<li>Final product method.<\/li>\n<li>Value added method.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ul>\n<li>Final product method includes only the final values of consumer goods , Investment<br \/>\ngoods and services.<\/li>\n<li>The total of value added of all sectors as agriculture, industry and services is termed<br \/>\nGross Domestic Production.<\/li>\n<li>Value added can be calculated with the difference between total value and inputs.<\/li>\n<li>Value added is explained as all new values which are added to the production process<br \/>\nat different times.<\/li>\n<li>It includes, the payments for factor services, net indirect taxes and depreciation<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Estimating National production based on Output flow, is named output approach. When calculating national accounts with output approach, multiple counting can occur. To avoid multiple counting, two methods can be used. Final product method. Value added method. &nbsp; Final product method includes only the final values of consumer goods , Investment goods and services. The [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2685],"tags":[],"class_list":["post-5465","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-4-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>National Accounts using output approach - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/national-accounts-using-output-approach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Accounts using output approach - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"Estimating National production based on Output flow, is named output approach. 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