What is the sum total of all of the transactions that took place in
the United States for any of the last 5 years. I'm not looking for
the GDP or GNP, but the total dollars that exchanged hands for goods
throughout the distribution chain, services, payroll, leases, rent,
stocks, bonds, dividends, interest, charitible contributions,
insurance premiums and claims, legal settlements, barter value,
foreign trade, etc., etc. About the only amounts that should not
contribute to the total are the principal amounts of loans and
mortgages, the underlying transactions of which are included above. I
don't think any agency publishes a figure for US gross receipts,
although it would seem that it should be the starting point for
calculating indicators such as the GNP. |
Clarification of Question by
veloman-ga
on
02 Aug 2004 21:22 PDT
pafalafa:
Neither the GNP or GDP can be used to calculate gross receipts because
they are subsets of gross receipts. Gross reciepts include the value
of charitable contributions, stock market trades, legal settlements,
etc. where the GNP and GDP do not.
Moreover, the GNP and GDP indicators consider only the value of the
final product, not the cascading transactions behind the product's
components. For example, the GDP might calculate a value of $35.00
for a toaster. But the gross receipt transactions add together all
the transactions that were necessary to bring the toaster to market.
Consider this hypothetical example:
All the parts that made the toaster, $10.00
The manufacturer's sale of the toaster to a distributor, $12.00
The distributor's sale of the toaster to a department store, $15.00,
The store's sale of the toaster to the consumer, $35.00.
Adding all these transactions together yields the gross receipts
generated by bringing the toaster to market, which in this example is
$72.00.
While it is virtually impossible to trace the entire complexity of
transactions associated with making each US product, the gross
receipts for a country are best calculated by adding up all of the
transactions made by the private sector and the government that are
included in my original question and its clarifications.
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