GDP Calcs

Question 1

GDP Expenditure Approach (GICE)

Answer 1

Government expenditures + Investment (Gross) + Personal Consumption + Net exports

Question 2

GDP Income Approach (Paidrite)

Answer 2

Profits (corporate) + adj net factor income + interest (net) + Depreciation + Rental Income + Income from Proprietors + Indirect taxes + employee comp

Question 3

GDP per capita

Answer 3

Gdp/population

Question 4

Nominal GDP

Answer 4

Total market value of all final goods and services produced within a specified country, current prices. or no inflation=real gdp - inflation

Question 5

Net Domestic Product

Answer 5

GDP minus depreciation on capital goods

Question 6

Gross National Product (GICez)

Answer 6

Personal consumption + investment + government expenditures + net exports + net income earned by domestic residents from overseas investments - net income earned by foreign residents from domestic investments.

GDP + net income earned by domestic residents from overseas investments - net income earned by foreign residents from domestic investments.

Question 7

Net National Product

Answer 7

GNP minus depreciation

Question 8

Net National Income (wripp)

Answer 8

NNP minus indirect taxes
or
sum wages, profits, rents, interest and pension payments to residents of a nation

Question 9

Personal Income

Answer 9

Net national income - Corporate taxes - undistributed corporate profits + transfer payments or
Payments to individuals in the form of wages, salaries, and other income and transfer payments from government less employee social insurance contributions

Question 10

Disposable Personal Income

Answer 10

after tax income