Must Know Formulas

• Net Domestic Product (NDP)

               GDP-Depreciation (aka. consumption of fixed capital)

• National Income (NI) : income earned by Am. owned resources whether it is here or abroud

               CE compensation of employees; wages
               +RI  rent income
               +I interests
               +CP corporate profit 
               +PI proprietors income 

• Personal Income (PI) : Income received by households regardless of the source

 

• Disposable Personal Income (DPI) : After tax income available for household consumption

               NI national income - HT household taxes + GTP transfer payments

• Net National Product (NNP)

                GNP-Depreciation

• Gross National Product (GNP)

               GDP+Net Foreign Factor Payments

• Trade (Xn)

                Exports-Imports

• Gross Private Domestic Investment (Ig)

               Net Private Domestic Investment+Depreciation