GDP = C+I+G+(X-M)
GNP= C+I+G+(X-M)+ NFIA
=GDP+NFIA
NNP=GNP-CCA
NNP=C+I+G+(X-M) +NFIA-CCA
National Income =NNP at factor cost= Wage+ Rent+ Interest+ Profit
NI= NNP at
Market Price + Subsidies - Indirect Tax
=
GNP-CCA+ Subsidies - Indirect Tax
= GDP+NFIA -CCA+ Subsidies - Indirect Tax
Personal Income :
PI= NI-UCP-CPT-SSC+TP+IP
NI=
National Income
UPC=Undistributed Corporate Tax
CPT=Corporate
Profit Tax
SSC=Social
Security Contribution
TP=Transfer
Payment
IP=
Interest Payment to the public Debt.
Disposable Income:
DI =PI-DT
DT=
Direct Tax
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