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AP Macroeconomics > National Income > Flashcards

National Income Flashcards

0
Q

National Income

A

NDP

Minus:
Foreign factor income
Indirect business taxes

Plus:
Income earned abroad

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1
Q

Net Domestic Product

A

GDP-depreciation

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2
Q

Personal income

A 
NI
Minus:
Social security contributions
Corporate income taxes
Undistributed corporate profits

Plus:
Transfer payments

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3
Q

Disposable income

A

PI-personal taxes

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4
Q

Personal savings

A

DI-personal consumption

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5
Q

Expenditure Approach

A

GDP = C + I + G + Xn

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6
Q

Income Approach

A

WRIP PtB CaF

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7
Q

Corporate profits

A

Corporate income taxes
Dividends
Undistributed Corporate Profits

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AP Macroeconomics (4 decks)

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