Economist Style Guide - Redress Information & Analysis

n
National accounts
These are the defi nitions adopted by the United Nations in 1968, but
note that national accounts now refer to gross national product as gross
national income (gni).
Final expenditure
210
= private fi nal consumption expenditure (“consumers’
expenditure”)
+ government fi nal consumption expenditure
+ increase in stocks
+ gross fi xed capital formation
+ exports of goods and services
Gross domestic product (gdp) at market prices
= fi nal expenditure
− imports of goods and services
Gross national income or product (gni/gnp) at market prices
= gross domestic product at market prices
+ net property income from other countries
Gross domestic product at factor cost
= gross domestic product at market prices
− indirect taxes
+ subsidies
Nobel Prize
This is an international award given each year since 1901 for
achievements in physics, chemistry, medicine, literature and for peace.
The Prize in Economic Sciences was instituted in 1968 by the Bank
of Sweden. The winners are announced in October and receive their
awards (cash, a gold medal and a diploma) on December 10th, the
anniversary of Nobel’s death. Here is a list of winners since 1990.