Cost of Production + Indirect Taxes - Subsidies

is the value of the finished domestic goods and services produced within a nation's borders.

is the value of all finished goods and services produced by a country's citizens, both domestically and abroad

Cost of factor of production + Subsidies (Land,Labour,Capital,Enterprise)

the amount receivable by the producer from the purchaser for a unit of a product minus any tax on the product plus any subsidy on the product.

value of gross output - value of intermediate consumpution

(at basic price) = GVA(Factor cost) + product. taxes - product. subsidies

GDP - Depriciation

GDP + Income from Abroad

GNP- Depreciation

the total income received by the individuals of a country from all sources before direct taxes in one year.

the actual income which can be spent on consumption by individuals and families.

it refers to the national income divided by the polpulation of the country

they are not included in national income because they are considered as NOn-Economic Activity

factor incomes from abroad earned in the form of rent,wages,intrest and profit....just like domestic factor income

Real GDP

Nominal GDP

Potential GDP

Green GDP

It expresses the relationship between the value of Capital invested and the value ofoutput..

Value added method

Income Method

Expenditure Method