Gross Domestic Product = Consumption + Investment + Government
Purchases + Net Exports
GDP = C + I + G + (X – M)
National Income/ NNP = GNP – Indirect Business Taxes – Depreciation –
Statistical discrepancy + Subsidy
Gross National Product = GDP + Income earned form the rest of the world
– Income earned by the rest of the world
GDP
Real GDP = × 100
Chain Weighted Price Index
GDP
GDP per capita =
Population
Real GDP2 - Real GDP1
% Change in Real GDP =
Real GDP1
National income (NNP) = Compensation of employees + Proprietors’
income + Corporate profits + Rental income +
Net interest
,GDP =National Income
– Income earned (by the residents) from the rest of the world
+Income earned by the rest of the world (non-residents/ foreigners)
+ Indirect business taxes (IBT)
+ Capital consumption allowance
+ Statistical discrepancy
Net domestic product (NDP) = GDP – Capital consumption allowance
Personal Income = National income – Undistributed Corporate Profits –
Social Security Taxes – Corporate Profits Taxes +
Transfer Payments
Disposable Income = Personal Income – Personal Taxes
Real GDP = (Base-year prices X Current- year quantities)
, Total RM expenditure on market basket in current year
CPI = × 100
Total RM expenditure on market basket in base year
Inflation rate/ Percentage Change in Prices
CPIlater year - CPIearlier year
( ) ×100
CPIearlier year
Nominal income
Real income = ( ) × 100
CPI
CPIcurrent year
Salary/Income = ( ) × Income
CPIearlier year
Number of unemployed persons
Unemployment rate (U)= × 100
Civilian labour force
Number of employed persons
Employment rate (E)= × 100
Civilian noninstitutional population
Unemployed persons = Job Losers+ Job Leavers +Reentrants + New Entrants
Natural Unemployment Rate = Frictional Unemployment Rate +
Structural Unemployment Rate
Cyclical Unemployment (UC) = Unemployment rate (U) – Natural
unemployment (UN)
Price of most recent market basket in the particular year
CPI = Price of the same market basket in 1982-1984 (base year) × 100
Purchases + Net Exports
GDP = C + I + G + (X – M)
National Income/ NNP = GNP – Indirect Business Taxes – Depreciation –
Statistical discrepancy + Subsidy
Gross National Product = GDP + Income earned form the rest of the world
– Income earned by the rest of the world
GDP
Real GDP = × 100
Chain Weighted Price Index
GDP
GDP per capita =
Population
Real GDP2 - Real GDP1
% Change in Real GDP =
Real GDP1
National income (NNP) = Compensation of employees + Proprietors’
income + Corporate profits + Rental income +
Net interest
,GDP =National Income
– Income earned (by the residents) from the rest of the world
+Income earned by the rest of the world (non-residents/ foreigners)
+ Indirect business taxes (IBT)
+ Capital consumption allowance
+ Statistical discrepancy
Net domestic product (NDP) = GDP – Capital consumption allowance
Personal Income = National income – Undistributed Corporate Profits –
Social Security Taxes – Corporate Profits Taxes +
Transfer Payments
Disposable Income = Personal Income – Personal Taxes
Real GDP = (Base-year prices X Current- year quantities)
, Total RM expenditure on market basket in current year
CPI = × 100
Total RM expenditure on market basket in base year
Inflation rate/ Percentage Change in Prices
CPIlater year - CPIearlier year
( ) ×100
CPIearlier year
Nominal income
Real income = ( ) × 100
CPI
CPIcurrent year
Salary/Income = ( ) × Income
CPIearlier year
Number of unemployed persons
Unemployment rate (U)= × 100
Civilian labour force
Number of employed persons
Employment rate (E)= × 100
Civilian noninstitutional population
Unemployed persons = Job Losers+ Job Leavers +Reentrants + New Entrants
Natural Unemployment Rate = Frictional Unemployment Rate +
Structural Unemployment Rate
Cyclical Unemployment (UC) = Unemployment rate (U) – Natural
unemployment (UN)
Price of most recent market basket in the particular year
CPI = Price of the same market basket in 1982-1984 (base year) × 100
