Income approach: add up all income earned by household and firms in a single year.
- W+R+I+P+ statistical adjustments.
Formulas to use:
- Budget: government purchase of goods and services plus government transfer payments - government tax in the collections.
- Trade: exports - imports
-NNP: GNP - depreciation
- NDP: GDP - depreciation
- National income: GDP - indirect business taxes - depreciation - net factor for in payments. ( can also use the equation... Compensation of employees + rental income + interest income + proprietor income + corporate income. )
- Disposable income: national income - personal household taxes Plus government Transfer payment.
No comments:
Post a Comment