National Products and Related Aggregates

Gross National Product at

market price (GNPMP)

Gross National Product (at factor cost) + Indirect Taxes Subsidies

GNPFC+IT-S

Net National Product at

market price (NNPMP)

Gross National Product at market price Consumption of fixed capital

GNPMP-CCA

Gross Domestic Product at

market price (GDPMP)

Gross National Product at market price Net Factor Income from

abroad

GNPMP-NIA

Net Domestic Product at

market price (NDPMP)

Gross Domestic Product at market price Consumption of fixed capital GDPMP-CCA

Net Domestic Product at

market price(NNPMP)

Net National Product at market price Net Factor Income from abroad

NNPMP-NIA

Net Domestic product at

factor cost (NDPFC)

Net Domestic Product at market price Indirect Taxes + Subsidies

NDPMP-IT+S

Private Income (Pvt.I)

Net National Product at Factor cost Income from government

administration departments (railways, posts and telegraph
departments) Savings of non department enterprises (public sector
units) + National Debt Interest + Transfers from Government
Administrative Departments + Other Net Transfers from abroad

NNPFC IAD END+

NDI+TAD+OTA

Personal Income (PI)

Private Income Retained earnings of foreign companies- Corporate

Income Tax

Pvt.I- RE-CT

Personal Disposable Income

(PDI)

Personal Income Direct Taxes paid by Households Miscellaneous

Payments to government departments (fees, fines, penalties, etc.)

PI- DT- Misc

Measurement of National Income

Production approach: GDPFC= P1 Q1 + P2 Q2 ++ Pn Qn
Income approach: NDPFC =Wages+ Rent +Interest +Profits where Profits=Dividends+ Retained Earnings+ Corporate tax
Expenditure approach: GDPMP = Personal Consumption expenditure (C)+ Government Expenditures (G)+Gross private
domestic investment (I) +Exports (X)-Imports (I)= C+G+I+X-M
X-M=Net exports
Gross private domestic investment (I) = Gross domestic fixed investment + change in business inventories
Net investment = Gross private domestic investment - Depreciation