Business Environment, 1st Edition by Pearson

Chapter 2: National Income | 23 |

Special Features of the 1980–81 Series

The 1980–81 series adopts a twin approach to compile national

income estimates.

 Estimates of domestic production by industrial origin:

The primary method used to compile estimates of domestic

production by industrial origin was to calculate gross value

added by calculating the difference that arises between input

and output values. Such a production-based approach takes

into account sectors including agriculture, forestry, fi shing,

manufacturing (excluding unregistered manufacturing) and

construction.

 Estimates of factor payments using the income approach:

For other sectors, such as electrical power, transportation,

commerce and administration, the income ...