{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Macro Equations

Macro Equations - Payments NDP(National Domestic Product...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 5 Formulas GDP (Gross Domestic Product) = C (consumption) + Ig (gross investment) + G (government spending) + X (exports) – M (imports) Personal Income= (Wages/Salaries) + (Rent) +(Interest) + (Income from Unincorporated Enterprises) + (dividends) + (Government Transfer Payments) OR Personal Income = NDP – (Corporation Income Taxes) – (Undistributed Corporation Profits) + (Government Transfer
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Payments) NDP (National Domestic Product) = (Wages/Salaries) + (Rent) + (Interest) + (Income from unincorporated enterprises) + (corporation profits before taxes) OR NDP= GDP – CCA – Indirect Business Taxes PDI (personal disposable income) = PI – Personal Income Taxes OR PDI = Consumption + Savings...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online