National Income formulaes

NATIONAL INCOME FORMULAE

1. The excess of imports over exports is called

2. trade deficit.

3. 2. The excess of exports over imports is called

4. trade surplus.

5. 3. (NNP FC is the sum total of factor income

6. earned by normal residents of a country during

7. the accounting year)

8. 4. GDP =GNP – NIFA

9. 5. GNP = GDP + NIFA

10. 6. NNP = GNP – Depreciation

11. 7. GNP = NNP + Depreciation

12. 8. NDP = NNP – NIFA

13. 9. NNP = NDP + NIFA

14. 10. NDP = GDP – Depreciation

15. 11. GDP = NDP + Deprecation

16. 12. NNP = NDPFC + X-M

17. 13. GNPFC = GNPMP – Net Indirect Taxes

18. 14. NNPMP = GNP bMP – Depreciation

19. 15. GDPMP = GNPMP – NIFA

20. 16. NDPMP = NNPMP – NIFA

21. 17. NNPFC = NNPMP – Net Indirect Taxes

22. 18. GDPFC = GDPMP – Net Indirect Taxes

23. NDPMP = GDPMP – Depreciation

24. 19. GDPFC = GNPFC – NIFA

25. 20. NNPFC = GNPFC – Depreciation

26. 21. NDPFC = NDPMP – Net Indirect Taxes

27. 22. NDPFC = NNPFC – NIFA

28. 23. NDPFC = GDPFC – Depreciation

29. 24. NNPFC = GNPMP – Depreciation – Net

30. indirect Taxes

31. 25. GNPFC = NNPMP + Depreciation – Net

32. Indirect Taxes

33. 26. GNPFC = NNPMP – Net Indirect Taxes +

34. Depreciation

35. 27. NDPMP = GDP – Capital Consumption

36. 28. NDPFC = NDP – Indirect Taxes + subsidies

37. 29. NDPFC = GDPMP – Depreciation _ Net

38. Indirect Taxes

39. 30. NDPMP = GNPMP – NIFA – Depreciation

40. 31. GDP FC = GNDMP – NIFA – Net Indirect

41. Taxes

42. 32. NDPFC = NNPMP – NIFA – Net Indirect

43. Taxes

44. 33. NDPFC = GNPFC – NIFA – Depreciation

45. 34. NNPMP = NDPFC + NIFA + Net Indirect Taxes

46. 35. GNPMP = NNPFC + Net Indirect Taxes +

47. Depreciation

48. 36. GNPMP = NNPFC + Depreciation + Net

49. indirect Taxes

50. 37. GNPFC = NDPFC + NIFA + Depreciation

51. 38. GNPMP = GDPFC + NIFA + Net Indirect Taxes

52. 39. GDPFC = NDPMP – Net Indirect Taxes +

53. Depreciation

54. 40. GNPMP = NDPMP + NIFA + Depreciation

55. 41. GDPMP = NDPFC + Depreciation + Net Indirect

56. Taxes

57. 42. GNPFC = GNPMP – Net Indirect Taxes +

58. subsidies

59. 43. PDI = NI (All Taxes+ Business savings) +

60. Transfer Payments

61. 44. PDI = PI – Direct Taxes on Persons

62. 45. DPI = PI- Personal Taxes

63. 46. PI = NI – Corporate Income Taxes –

64. undistributed Corporate Profits – Social Security

65. Contributions + Transfer Payments

66. 47. NI = NNP – Indirect Taxes + Subsides

67. 48. Real GNP=Nominal GNP/ GNP Deflator

68. 49. Per Capita Real Income=Real National

69. Income/Size of the Population

70. 50. NDPMP = GNPMP – NIFA –Depreication

71. 51. GNPMP = NDPFC + Net Indirect Taxes + NIFA

72. + Depreciation

73. 52. NDPFC = GNPMP – Depreciation – NIFA –

74. Net Indirect Taxes

75. 53. DPI=PI-Personal taxes

76. 54. GDP Fc = NDP fc + depreciation

77. 55. GDP=C+I+G+(X-M)

78. 56. GDP=GNP - Nx (Net foreign factor income)

79. 57. GNP=NNP+ Depreciation

80. 58. NDP Fc = NDP mp – Net indirect taxes

81. (indirect tax – subsidies)

82. 59. NDP Mp =GDP Mp – depreciation

83. 60. NDP= C+(In)+G+(X-M)

84. 61. NNP Fc = GDP mp - depreciation + Net factor

85. income from abroad – Net indirect taxes

86. 62. NNP fc = NDP fc + Net factor income from

87. abroad.

88. 63. NNP Mp = GNP Mp – depreciation (Net

89. National Product at market prices is the net value

90. of final goods and services evaluated at market

91. prices in the course of one year in a country)

92. 64. NNP=GDP-Depreciation

93. 65. NNP=NI-Indirect taxes

94. 66. In=Ig-Depreciation (Net Investment is equal

95. to Gross Investment minus depreciation). Net

96. investment is actual value in market.

97. 67. Ig=In+ Depreciation (Gross Investment is

98. equal to Net investment plus depreciation). Total

99. investment in a machine)

100. 68. NX=X-M (Net Export equal to export minus

101. imports)

102. 69. Two sector economy consists of (also known

103. as simple economy): households + firms ((Y=E=0)

104. 70. Three sector economy consists of (also

105. known as closed economy): households + firms +

106. government

107. 71. Four sector economy consists of (also known

108. as open economy): household + firms +

109. government + external sector (export and import).

110. 72. Closed economy is n