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7 Cards in this Set
- Front
- Back
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Gross Domestic Product Formula
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GDP= Consumer Goods+ Government Goods+ Gross Investment+ Exports- Imports
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Gross National Product Formula
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= GDP+ Receipts From the Rest of the World- Payments to the Rest of the world
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Net National Product Formula
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= GNP- Capital Consumption Allowance
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National Income Formula
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= Net National Product- Statistical Discrepancy
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Disposable Personal Income Formula
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= Personal Income- Personal Income Tax
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Personal Income Formula
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National Income+ Social Security Income+ Net Buisness Transfer Payments- Corporate Income Taxes- Retained Earnings of Corporations- Indirect Business Tax- Payroll Taxes
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Real GDP Formula
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= Nominal GDP x (Price Index of the Base Year) / (Price Index of Target Year)
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