Gross Domestic Product

Formula
i) ii) iii) iv) v) vi) vii) viii) ix) x) GDPmp = C + I + G + G + (X - M) GDPfc = GDPmp + subsidies indirect taxes GNPmp = GDPmp + income from abroad income paid abroad GNPfc = GNPmp + subsidies indirect taxes NNPmp = GNPmp depreciation NNPfc/ National income (NI) = NNPmp + subsidies indirect taxes NDPmp = GDP depreciation Net property income from abroad = Income from abroad Income paid abroad Net Investment = Gross Investment depreciation Personal Income = NI income earned but not received + income received but not earned = NI + transfer payments corporate taxes undistributed profits social security contributions (Corporate profit = dividends + undistributed profit + corporate taxes)

xi)

Personal Disposable Income (PDI) = Personal Income personal income taxes

Other measurements
Total domestic expenditure (TDE) =C+I+G Total final expenditure (TFE) =C+I+G+X

Price Index (PI) PI (year t) = Inflation rate for a given year = Real GNP current year
=
Base year = 100

Economic Growth Rate =

Real GNP per capita =