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NATIONAL INCOME AND RELATED� AGGREGATES

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Domestic/National Concepts

Domestic Concepts

  • GDPMP
  • GDPFC
  • NDPMP
  • NDPFC

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National Concepts

  • GNPMP
  • GNPFC
  • NNPMP
  • NNPFC

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Important Relations

  • Gross – Dep.= Net
  • MP – Net Indirect Taxes = FC
  • National – NFIA = Domestic

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GDPMP

  • Gross Domestic Product at Market Price (GDPMP)

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Marker Price signifies that it includes amount of indirect taxes paid and excludes amount of subsidy received,i.e. it shows that net indirest taxes (NIT) have been included.

Product in GDP signifies that only final goods and services have to be included.

GDP at MP:- It refers to gross market value of all final goods and services produced within the domestic territory of a country during a given period.

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GDPFC

  • It refers to gross money value of all the final goods and services produced within the domestic territory of a country during a period of one year.

GDPFC = GDPMP – Net Indirect Taxes

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NDPMP

  • It refers to net market value of all the final goods and services produced within the domestic territory of a county during a period of one year.

NDPMP = GDPMP - Depreciation

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NDPFC

  • It refers to net money value of all the final goods and services produces within the domestic territory of a country during a period of one year.

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NDPFC = GDPMP – Net Indirect Taxes - Depreciation

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GNPMP �

  • It refers to gross market value of all the final goods and services produced by the normal residents of a country during a period of one year.

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GNPMP = GDPMP + NFIA

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GNPFC

  • It refers to gross money value of all the final goods and services produces by the normal resident of a country during a period of one year.

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GNPFC = GNPMP – Net Indirect Taxes

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NNPMP

  • It refers to net market value of all the final goods and services produces by the normal resident of a country during a period of one year.

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NNPMP = GNPMP - Depreciation

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NNPFC

  • It refers to net money value of all the final goods and services produces by the normal resident of a country during a period of one year.

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NNPFC = GNPMP – Net Indirect Taxes - Depreciation

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Thank you

  • Manish Kumar Jangir