National Gross Domestic Product (GDP) by Income and by Expenditure Accounts
Net income of farm operators from farm production of economy, value
Net income of farm operators from farm production refers gross proceeds from the sale of farm products, plus subsidies on a cash basis, plus the imputed value of farm output consumed by farming households, plus investment in farm inventories, less farm operating expenses and consumption of fixed capital on farm buildings and equipment. Excludes other types of income, such as net rental or interest receipts, and profits of incorporated farms.
Economy refers to the entire set of resident institutional units. It is divided into sectors that consists of groups of resident institutional units. An institutional unit is resident in a country when it has a centre of economic interest in the economic territory of that country. It is said to have a centre of economic interest when there exists some location - dwelling, place of production or other premises - within the economic territory on, or from, which it engages, and intends to continue to engage, in economic activities and transactions on a significant scale either indefinitely or over a finite period of time.
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