Private Product Remaining or PPR is a means of national income accounting similar to the more commonly encountered GNP. Since government is financed through taxation and any resulting output is not (usually) sold on the market, what value is ascribed to it is disputed (see calculation problem), and it is counted in GNP. Murray Rothbard developed the GPP (Gross Private Product) and PPR measures. GPP is GNP minus income originating in government and government enterprises. PPR is GPP minus the higher of government expenditures and tax revenues plus interest received.
For example, in an economy in which the private expenditures total $1,000 and government expenditures total $200, the GNP would be $1,200, GPP would be $1,000, and PPR would be $800.
Famous quotes containing the words private, product and/or remaining:
“A moody child and wildly wise
Pursued the game with joyful eyes,
Which chose, like meteors, their way,
And rived the dark with private ray.”
—Ralph Waldo Emerson (1803–1882)
“Out of the thousand writers huffing and puffing through movieland there are scarcely fifty men and women of wit or talent. The rest of the fraternity is deadwood. Yet, in a curious way, there is not much difference between the product of a good writer and a bad one. They both have to toe the same mark.”
—Ben Hecht (1893–1964)
“There was that law of life so cruel and so just which demanded that one must grow or else pay more for remaining the same.”
—Norman Mailer (b. 1923)