Gross operating surplus
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Gross operating surplus
Gross operating surplus (GOS) is the surplus due to owners of
incorporated
businesses. Often called
profits
, although only a subset of total costs are subtracted from gross output to calculate the GOS.
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BEA Economic Analysis Glossary
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Gross operating surplus
Value derived as a residual for most industries after subtracting total
intermediate inputs
,
compensation of employees
, and
taxes on production and imports
less
subsidies
from total industry output. Gross operating surplus includes
consumption of fixed capital (CFC)
,
proprietors’ income
,
corporate profits
, and
business current transfer payments (net)
. Prior to 2003, it was referred to as other value added or property-type income.
Source:
U.S. Bureau of Economic Analysis
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