You have to know that Gross includes Depreciation... And market price includes all the taxes...
So...for calculation..
You have to add depreciation to domestic income, i.e; NDP at FC + depreciation....you will now get GDP at FC...
Factor cost doesn't include Net Indirect TAX...so you have to add that...and you'll get the answer....
NDP at FC + depreciation + NIT = GDP at MP
G=G D=D P=P mp=fc-NIT G=G D=D P=P mp=fc-NIT
How to calculate potential gdp and natyral rate of unemployment?
GDP Deflator = Nominal GDP/Real GDP x 100.
at the equilibrium level of GDP + formula
if gdp is 719.1 and consumption is 443.8, how do i compute consumption as a percentage of gdp?
G=G D=D P=P mp=fc-NIT G=G D=D P=P mp=fc-NIT
How to calculate potential gdp and natyral rate of unemployment?
It is 100*(New GDP - Old GDP)/Old GDP
[ (GDP 2006 - GDP 2005) / GDP 2005] X 100 ---- ----
GDP Deflator = Nominal GDP/Real GDP x 100.
at the equilibrium level of GDP + formula
if gdp is 719.1 and consumption is 443.8, how do i compute consumption as a percentage of gdp?
Gdp = c + i + g + (x - m)
it the ratio of between the total value of import and GDP
Real GDP/Capita
Real GDP is the GDP during your chosen base year, and nominal GDP is the GDP of the year on which you are focusing. The GDP deflator from 1990 to now (2013) is: GDP (2013)/ GDP (1990) * 100%
The formula for calculating GDP growth rate is: (GDP in current year - GDP in previous year) / GDP in previous year x 100% Here's an example: Suppose the GDP of a country was $1 trillion in 2020 and it increased to $1.2 trillion in 2021. To calculate the GDP growth rate for 2021, we can use the formula above: ($1.2 trillion - $1 trillion) / $1 trillion x 100% = 20% Therefore, the GDP growth rate for 2021 is 20%. This means that the country's economy grew by 20% from 2020 to 2021.