NATIONAL INCOME CALCULATION

C + I + G + ( X - M) + Change in stock =

• GDPfc

• GDPmp

• GNPmp

• GNPfc

Wages/Salaries + Rents + Interest + Profits =

• GDPfc

• GDPmp

• GNPfc

• GNPmp

Primary sector + Secondary sector + Tertiary sector =

• GDPfc

• GNPmp

• GDPmp

• GNPfc

How to calculate GDPfc if you are given GDPmp?

• + indirect tax - Subsidy

• + Factor income from abroad

• - Depreciation

• - indirect tax + subsidy

Export and import are examples of what approach in national income measurement?

• Output

• Income

• Expenditure

• Value added

Corporate profit = Distributed profit + Undistributed profit + ___________

• Individual income tax

• Indirect tax

• Tax on personal consumption

• Corporate income tax

Export - Import =

• Net income

• Net import

• Net exports

• Net value

GNPmp = GDPmp + __________.

• + Factor income from abroad

• - factor income to abroad

• + Net factor income abroad

• + Depreciation

Proton is example of which economic sector?

• Primary sector

• Secondary sector

• Tertiary sector

• Fourth sector

Banking is example of which economy sector?

• Primary sector

• Secondary sector

• Tertiary sector

• Fourth sector