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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 appears to be the relationship between personal income and a country's GNP?
The relationship between personal income and a country's Gross National Product (GNP) is often positive; as GNP increases, personal income tends to rise as well. This occurs because higher GNP usually indicates greater economic activity, leading to more job opportunities and higher wages. However, the correlation can vary based on income distribution and economic disparities within a country. In some cases, GNP growth may not translate into significant increases in personal income for all citizens, particularly in economies with high inequality.
