What is GDP? Regarding GDP, the one that everyone is most familiar with is its name, GDP. Generally speaking, everyone regards it as the final result of our Chinese social production within a certain period of time. It is often recognized as the best indicator for measuring the e

2025/05/2021:58:34 hotcomm 1211
What is

GDP?

Regarding GDP, the most familiar thing for everyone is its name, GDP.

Generally speaking, everyone regards it as the final result of our Chinese social production within a certain period of time. It is often recognized as the best indicator for measuring the economic status of a country.

People all know that people are the main body of labor, so GDP is the final result of all workers.

per capita GDP, that is, the average of each person's final labor output results. In 2018, our GDP was 90.03 trillion yuan. At the end of 2018, the total population of the country was 1.395 billion people, and the per capita GDP was 64,500 yuan.

What is GDP? Regarding GDP, the one that everyone is most familiar with is its name, GDP. Generally speaking, everyone regards it as the final result of our Chinese social production within a certain period of time. It is often recognized as the best indicator for measuring the e - DayDayNews

GDP equals income?

But in fact, it feels wrong to just do this. In addition to people, states and social organizations (such as enterprises) will actually show considerable contributions to large-scale social production.

For example, the GDP output of 1 million workers who only work hard to farm is only 10 billion yuan. However, if these 1 million workers are recruited by enterprises, their GDP can be as high as 100 billion yuan through the conditions provided by enterprises. This is also the reason why many large industrially concentrated areas have high GDP output, but people's income levels are not particularly prominent.

The country will pass taxes, and social organizations will use surplus profits to realize the distribution of everyone's income. Therefore, the final output will be balanced between the country, the enterprise and the individual.

At the end of 2018, the per capita disposable income of nationwide was 28,228 yuan. But please note that this 28,228 million yuan is not all salary. This includes four parts: wage income, per capita operating income, per capita property income and per capita net transfer income.

What is GDP? Regarding GDP, the one that everyone is most familiar with is its name, GDP. Generally speaking, everyone regards it as the final result of our Chinese social production within a certain period of time. It is often recognized as the best indicator for measuring the e - DayDayNews

1. Per capita wage income. The per capita wage income is very simple, mainly the wage remuneration obtained by workers through labor for enterprises. However, non-labor-capital people generally do not have such income, with an average of 15,829 yuan per capita. If the non-labor population is deducted, the remaining 775.86 million labor force will have an average wage income of 28,460 yuan.

2. Per capita operating income . Per capita operating income is mainly the source of income obtained from production and operation by farmers, individual business owners and enterprise managers, as well as dividend income obtained by people owning securities. In 2018, the average per capita was 4,852 yuan.

3. Net income per capita property . Our property is quite widespread, such as housing rental, bank deposits, and patents are also personal property. Therefore, interest, rent, and patent fees are all per capita property income. In 2018, the average price per person was 2,379 yuan.

4. Per capita net transfer income . Transfer income . In fact, what everyone is more familiar with is social insurance benefits, that is, five insurances including pension, medical care, work-related injuries, maternity, and unemployment. Such as minimum living allowance benefits, social welfare, and housing provident fund are also transfer income. In 2018, the per capita net transfer income was 5,168 yuan.

In 2018, fiscal revenue was 18.3 trillion yuan, government fund revenue was 7.5 trillion yuan, total social security fund revenue was 7.26 trillion yuan, and state-owned capital operating income was 290 billion yuan. In addition, there are various corporate incomes.

What is GDP? Regarding GDP, the one that everyone is most familiar with is its name, GDP. Generally speaking, everyone regards it as the final result of our Chinese social production within a certain period of time. It is often recognized as the best indicator for measuring the e - DayDayNews

So, don’t use final GDP output as the assumption standard for everyone’s income. The per capita resident income in our country is only about 1/3 of the per capita GDP.

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