The New National Accounts: An Introduction to the System of National Accounts 1993 and the European System of Accounts 1995 (Elgar Monographs)

An introduction to a new international standard of national accounts being implemented worldwide under the auspices of the United Nations. Overviews the entire structure of the new systems of accounts, both for flow transactions and their derived balancing items and also for stocks of economic assets and liabilities. Explains the system's main balancing item, gross value added, and its relation to gross domestic product, to final expenditures, to primary incomes, and to transfer payments. Concludes with an explanation of accumulation accounts. Assumes no previous knowledge of economics or national accounting. Jackson teaches economics at the University of Wollongong, Australia. Annotation c. Book News, Inc., Portland, OR (booknews.com)