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  • Nurul Ain Shafikah Nassel - Ecoformula

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    Ain Shafikah
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    The document outlines the key components of measuring economic output and income in a country using various accounting identities. It shows GDP can be measured from the expenditure side as the sum of consumption, investment, government spending, and net exports. GDP is also equal to GNP plus net factor income from abroad. GNP can then be adjusted to GNPFC by removing indirect taxes and adding subsidies, and national income is equal to GNPFC minus depreciation.

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    NURUL AIN SHAFIKAH NASSEL_ECOFORMULA

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    The document outlines the key components of measuring economic output and income in a country using various accounting identities. It shows GDP can be measured from the expenditure side as the sum of consumption, investment, government spending, and net exports. GDP is also equal to GNP plus net factor income from abroad. GNP can then be adjusted to GNPFC by removing indirect taxes and adding subsidies, and national income is equal to GNPFC minus depreciation.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    7 views1 page

    Nurul Ain Shafikah Nassel - Ecoformula

    Uploaded by

    Ain Shafikah
    The document outlines the key components of measuring economic output and income in a country using various accounting identities. It shows GDP can be measured from the expenditure side as the sum of consumption, investment, government spending, and net exports. GDP is also equal to GNP plus net factor income from abroad. GNP can then be adjusted to GNPFC by removing indirect taxes and adding subsidies, and national income is equal to GNPFC minus depreciation.

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    of 1

    EXPENDITURE INCOME OUTPUT

    1. GDPmp = C + I + G + 1. GDPmp 1. GDPmp


    (X-M) 2. GNPmp = GDP + net 2. GNPmp = GDP + net
    2. GNPmp = GDPmp + factor income abroad factor income abroad
    net factor income 3. NI = GNP - 3. GNPfc =GNPmp -
    abroad depreciation indirect taxes +
    3. GNPfc = GNPmp - 4. PI = NI + transfer subsidies
    indirect taxes + payment - CIT - 4. NI = GNPfc -
    subsidies retained earnings - depreciation
    4. NI = GNPfc - SOCSO - insurance 5. PI = NI + transfer
    depreciation premium - payment - corporate
    5. PI = NI + transfer undistributed profit income taxes -
    payments - corporate 5. DPI = PI - personal retained earnings -
    income taxes - income tax SOCSO - insurance
    SOCSO - insurance premium -
    6. DPI = PI - personal undistributed profit
    income tax 6. DPI = PI - personal
    income tax

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