calculate GDP

Expenditure Approach to GDP:
C+Ig+G+Xn


Xn=Exports - Imports


Income Approach to GDP:


Wages(Compensation of employees/salaries)
+
Rents(Income received by the households and businesses that supply property resources)
+
Interests(Money paid by private businesses to the suppliers of loans)
+
profits.
+
Statistical Adjustments


Net Domestic Product
GDP - Depreciation


Net National Product
GNP - Depreciation

DEPRECIATION= consumption of fixed capital



Gross Private Domestic Investment
Net private Domestic Investment


GNP

GDP + Net Foreign Factor Payment