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macroeconomics 1
week 2- measuring economic activity
concepts at basic prices
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Hoshi fox
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Cards (4)
GDP=
subsidies
(on production) -
taxes
(on production)
GNY=
net property income
(net interest
profits
and
dividends
from
abroad
)
NNY (net national income) =
GNY
-
depreciation
Households disposable income=
GNY
-
taxes
by
firms
+
subsidies
received by
firms
-
depreciation
- undistributed profits -
personal
taxes +
benefits