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MY tercher told me ,that has 3 method to calculate. 1.income method -total all money earn by factors of production ( wage,rent ,interest,profit) 2.output method - total value of all output produced in the economy(value added for manufactured goods) 3.expenditure method (total of capital asserts) all money on goods and servise +adiction to stock+(import spending-export spending)+(subsidies-taxes)
the earned income of workers added together then subtracted from investors profit
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What else can I help you with?
How do you calculate gnp using industrial origin approach?
find the value of Y and X
What are the different problem approaches in computing GNP?
Expenditure Approach and Income Approach.
What are the 3 approaches of GNP?
expenditures approach, income approach, industrial origin approach, value added approach
What are the steps involved in measuring national income using expenditure approach?
GDP = Consumer Spending + Govt Spending + Investment Spending + Net Exports ( Exports-Imports)Add the Income by the nationals fromforeigncompanies to GDPYou get the GNP - GROSS NATIONAL PRODUCT
How do you calculate net indirect tax with GDP and gnp?
Net indirect tax can be calculated using the formula: Net Indirect Tax = GDP - GNP + Subsidies - Transfer Payments. Here, GDP represents the total economic output within a country, while GNP accounts for the total income earned by residents, including income from abroad. The difference between GDP and GNP reflects net income from abroad, and adjustments for subsidies and transfer payments help refine the calculation. This formula provides a clearer picture of the government's revenue from indirect taxes after accounting for these factors.
How do you calculate gnp using industrial origin approach?
find the value of Y and X
What are the different problem approaches in computing GNP?
Expenditure Approach and Income Approach.
What are the 3 approaches of GNP?
expenditures approach, income approach, industrial origin approach, value added approach
What are the steps involved in measuring national income using expenditure approach?
GDP = Consumer Spending + Govt Spending + Investment Spending + Net Exports ( Exports-Imports)Add the Income by the nationals fromforeigncompanies to GDPYou get the GNP - GROSS NATIONAL PRODUCT
How do you calculate net indirect tax with GDP and gnp?
Net indirect tax can be calculated using the formula: Net Indirect Tax = GDP - GNP + Subsidies - Transfer Payments. Here, GDP represents the total economic output within a country, while GNP accounts for the total income earned by residents, including income from abroad. The difference between GDP and GNP reflects net income from abroad, and adjustments for subsidies and transfer payments help refine the calculation. This formula provides a clearer picture of the government's revenue from indirect taxes after accounting for these factors.
When is the Gnp higher than Gdp?
GNP is higher when there is more income generated from Americans on our land and abroad then there is by the income generated domestically alone.
Net factor income from abroad is positive or negative?
GNP = GDP + NFIA If NFIA positive, then GNP greater than GDP. +NFIA = GNP - GDP If NFIA negative, then GDP greater than GNP. -NFIA = GDP - GNP
What is the difference between gnp and nni?
Gross National Income is the total income earned by citizens of a nation wherever they are, Net National Income is a measure of the income earned by households, whether they receive it or not. NNI = GNP - depreciation - indirect taxes
What is the difference between GNP at market price and GNP at factor cost?
GNP at factor cost refers to income which the factors of production receive in return for their service alone. GNP at FC = GNP at Market Price - Net Indirect Taxes + Subsidies
What is formula for calculating net income?
NNP=GNP-depreciation
What is the approaches to GNP Accounting?
output(production) , income & expenditure .
What are the key differences between GDP, GNP, and GNI, and how do these measures of economic activity compare and contrast with each other?
GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders. GNP (Gross National Product) includes the income earned by a country's residents, both domestically and abroad. GNI (Gross National Income) is similar to GNP but also considers net foreign income. The key difference between GDP, GNP, and GNI lies in what they measure - GDP measures production within a country, GNP measures income earned by residents, and GNI includes net foreign income. While GDP and GNP focus on production and income, GNI provides a more comprehensive view by accounting for net foreign income.
