National Income And Related Aggregates
ICSE · Class 12 · Economics
All formulas from National Income And Related Aggregates in ICSE Class 12 Economics. Key equations, constants, and identities for board exam preparation.
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Formulas
2. Nominal and Real National Income
Real National Income = (National Income at Current Price / Current Price Index) × 100
National income deflator = (Nominal National Income / Real National Income) × 100
4. GDP and GNP
GDP_MP = P(G) + P(S)
GDP_FC = GDP_MP − Indirect taxes + Subsidies
GNP_MP = GDP_MP + NFIA
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