EXPENDITURE APPROACH FORMULA
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6 Terms
1
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Disposable Personal income
Personal income – Personal income tax
2
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Personal income
NI+ Transfer payments – Corporate income taxes – Retained earnings – Social security contributions – Insurance premium
3
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National Income
GNP (FC) – Depreciation
4
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GNP (FC)
GNP (MP) - Indirect tax + Subsidy
5
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GNP (MP)
GDP (MP) + Net factor Income abroad
6
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GDP (MP)
C + I + G + CIS + (X – M)
Note 
Flashcards (28)