Friday, December 5, 2014

National Income



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

No comments:

Post a Comment