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?
To calculate the GDP deflator, divide the nominal GDP by the real GDP and multiply by 100. The formula is: GDP Deflator (Nominal GDP / Real GDP) x 100. This measure helps adjust for inflation and shows how much prices have changed over time.
GDP Deflator = Nominal GDP/Real GDP x 100.
at the equilibrium level of GDP + formula
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 ---- ----
To calculate the GDP deflator, divide the nominal GDP by the real GDP and multiply by 100. The formula is: GDP Deflator (Nominal GDP / Real GDP) x 100. This measure helps adjust for inflation and shows how much prices have changed over time.
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)
To calculate the growth rate of real GDP, subtract the previous year's real GDP from the current year's real GDP, then divide by the previous year's real GDP and multiply by 100 to get the percentage growth rate.
Real GDP/Capita
it the ratio of between the total value of import and GDP