742 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28
The first of these relations is usually used to calculate SR.
In nominal value, the expression for national income is
equal to
°
bh
R
at market prices, and to
> y *
at factor cost. But by (117-9)
(117-11)
4B IBRj
yY YR,
whence it follows from (117-6) and (117-7) that
(117-12)
YbB = 1 SyY
b
If we consider here only the expression for national income
at factor cost. we have
(117-13)
R
= Yay
[Ir] Allais - pag. 46