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PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28
c) National Income
From relation (110-1), national income is given in the
model as
(116-4)
RR, 20
dt
and, at least in terms of a first approximation, the concepts
which are normally used satisfv the relation
(116-5)
R'=R'.+ ac
Af
It follows immediately from (116-1), (116-3), (116-4) and
(116-5) that, at least as a first approximation.
(116-6)
R=R"+ (i - po) Co
d) Gross National Product
Whereas the differences between C, Re and R on the one
hand, and C’, R’c and R’ on the other, are relatively insignifi-
cant, this is not true for the concepts of Gross National Pro-
duct (G.N.P.) and overall amortization.
Usual Definitions
Under the definitions usually adopted
(116-7)
P—=R’ + A
11] Allais - pag. 34