Extra Calculations with GDP

Budget

• Gov. Purchases + Gov. Transfer Payments - Gov. Tax and Fee Collections
• [+] = Deficit
• [-] = Surplus

Trade

• Exports - Imports
• [+] = Surplus
• [-] = Deficit

National Income

1. Compensation + Rent + Interest Income + Proprietor's Income + Corp. Profits
2. GDP - Ind. Bus. Tax - Depreciation - Net Foreign Factor Payment

Disposable Personal Income

• Nat, Income - Per. Household Tax + Gov. Transfer Payments

Net to Gross

• Net (Domestic/National) + Depreciation = Gross (Domestic/National)
• Gross (Domestic/National) - Depreciation = Net (Domestic/National)

GNP

• GDP + Net foreign factor payment