Macroeconomics: Complete Notes
Subject: Macroeconomics | College: Your College Name | Prepared by: Your Name
National Income
Inflation & Unemployment
IS-LM Model
Monetary & Fiscal Policy
Growth Models
, National Income
National income refers to the total monetary value of all final goods and services produced in an economy during one year. It serves as the primary indicator of a
country's economic performance and living standards.
GDP (Total Production)
GNP (GDP + NFI)
NDP (GDP − Depreciation)
NNP (GNP − Depreciation)
Key Formula Per Capita Income
GNP = GDP + Net Factor Income from Abroad Measures the average income per person in a country:
Net Factor Income = earnings of residents abroad minus earnings of foreigners Per Capita Income = National Income ÷ Population
domestically. A key indicator of the standard of living and economic development.
Subject: Macroeconomics | College: Your College Name | Prepared by: Your Name
National Income
Inflation & Unemployment
IS-LM Model
Monetary & Fiscal Policy
Growth Models
, National Income
National income refers to the total monetary value of all final goods and services produced in an economy during one year. It serves as the primary indicator of a
country's economic performance and living standards.
GDP (Total Production)
GNP (GDP + NFI)
NDP (GDP − Depreciation)
NNP (GNP − Depreciation)
Key Formula Per Capita Income
GNP = GDP + Net Factor Income from Abroad Measures the average income per person in a country:
Net Factor Income = earnings of residents abroad minus earnings of foreigners Per Capita Income = National Income ÷ Population
domestically. A key indicator of the standard of living and economic development.
