What is the formula of national …
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Posted by Bhavna Dixit 6 years, 6 months ago
- 2 answers
Ca Dipesh Arora 6 years, 6 months ago
GDPMP = government final consumption expenditure + private\household final consumption expenditure + gross domestic fixed capital formation + change in stocks + net exports
notes:-
1. if gross domestic capital formation is given without the word fixed, then change in stock is ignored in the formula
2. change in stock = closing stock - opening stock
3. net exports = exports -imports
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Ca Dipesh Arora 6 years, 6 months ago
then national income i.e NNPfc = GDP mp - dep + nfia - nit
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