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Accounting for Factorless Income

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NBER2018-03-01 更新2025-01-04 收录
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Comparing U.S. GDP to the sum of measured payments to labor and imputed rental payments to capital results in a large and volatile residual or factorless income. We analyze three common strategies of allocating and interpreting factorless income, specifically that it arises from economic profits

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2018-03-01
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