All Formulae | National Income | Macro economics Class 12th Term 2 Boards. Revise & Learn here only

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[tarunduttvlogs_T.V]

Now this journey comes to an End ❤️🥀😭

Ye parinda to sirf chala tha,
Apne udna sikha diya.... 🥀
Darr ko sirf dekha tha,
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[shubhaagarwal]

Methods of calculating national income-
1) Production method (value added method) GDPmp
Sales+ change in stock- intermediate consumption
. Sales= domestic sales+ exports
.change in stock= closing - opening
Also, sales + change in stock= value of output
And production for self employed is added in sales
2) Income method NDPfc
Compensation of employees( wages and salaries in cash and kind + employers contribution towards social and security schemes)
+ Operating surplus( rent, interest, royalty, profits), here profits= dividend+ corporate tax + retained earnings or undistributed profits
3) Expenditure method GPDmp
Private final consumption expenditure + Government final consumption expenditure+ gross domestic capital formation ( gross domestic fixed capital formation + change in stock) + net exports

[PALAK]

S -- SKILLFULLY
U -- UNIQUE
N -- NICE
I -- IDEAL
L -- LEGENDARY

P -- PERFECT
A -- ADORABLE
N -- NICE
D -- DEDICATED
A -- AMAZING

S -- SMART
I -- IMPORTANT
R -- REPUTABLE

[kittu...]

You are great sir💜
All formula's of National Income...
1. GDP = Sales + Change in stock - Intermediate cost
2. Price Index = Nominal GDP/ Real GDP × 100
3. NFIA = FIFA - FITA
4. NIT = IT - Subsidies
5. NNP at factor cost = GDP at mp - dep.
+ NFIA - NIT
6. GNP at mp = NDP at fc + dep. + NFIA +
NIT
7. GNP at fc = NNP at fc + dep.
8. NDP at mp = GNP at fc - dep - NFIA +
NIT
9. Value of output = sales + change in st.
10. GVA at mp/ GDP at mp = value of output - Intermediate cost
11. Change in stock = Closing - Opening
12. INCOME METHOD :
NDP at fc = compensation of employees + operating surplus + mixed income of self employed
13. Operating surplus = rent + royalty + interest + profits
14. EXPENDITURE METHOD :
GDP at mp = private final consumption expenditure + government final consumption expenditure + gross domestic capital formation ( gross investment) + Net export( X-M)
15. Gross domestic capital formation = net domestic capital formation + dep.
16. Net domestic capital formation = net domestic fixed capital formation + change in stock
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[shrutikumari]

Thank you sir for your dedication towards us...
And we wish we can find a teacher like you are ....once again thank you 🤗😊

[bindassm]

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[Parth]

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[khushiv]

Basic conversions -
Gross + dep
Net - dep
National + NFIA
Domestic - NFIA
Market price + NIT
Factor cost - NIT



Value added method or production method - through this we find GDPmp or GVAmp

Sales + change in stock + production of goods for self consumption - IC

Sales - domestic sales, exports
Change in stock - closing stock - opening stock
IC - imports, purchase of raw materials


Value of output - sales + change in stock

Value added - value of output - IC

Ignor purchase of machinery
Production of good for self consumption will be included


Income method - through this we find domestic income i.e. NDPfc

COE + operating surplus+ mixed income


Coe - wages and salaries in cash and kind, employers contribution to society


Operation surplus - rent, interest, royalty profits

Profits - dividends, corporate tax or profit tax, undistributed profits or retained earnings



Expenditure method - through this we find GDPmp

Pfce + gfce + gross domestic capital formation+ net exports

Gross domestic capital formation - gross domestic fixed capital formation+ change in stock


Net exports - exports -imports



Gdp deflator - nominal GDP/real GDP*100

[iconicsharma_]

Sir bahut saari cheez hai toh padhne ke alava hum log aapse sikh rhe hai uske liye thank u 😘❤

[vaibhavgupta]

Sunil sir a ETERNAL man 🙃
Hat's of you Sir

[poojabhatia]

Sir kl zyada rest le liya mene abhi tak vo theory complete ni hui 😔 1 bje tk hogi shayad

[latachauhanagra]

Sir please physical or maths k ppr m hame ppr k din subha all the best jarur bolna please ...apki blessings mujhe bhut motivate krti h 😀 please please sir 🙏🏿🙏🏿💖💖

[garvishchugh]

Methods of calculate national income:-
1.Production method:- sales+change in stock-intermediate
Sales=domestic sale+export
Change in stock= opening stock-closing stock
Intermediate=purchase of raw material
2.income method:-composition of employees+operating surplus+mixed income
Composition of employees=
Wages/salaries in kind+employees contribution towards security+pension on retirement
Operating surplus=rent+profit+interst
Profit=dividend+corporative tax+undistributed profit
3.expenditure method:- private final consumption expenditure+government final consumer expenditure+ investment expenditure+net exports

[RajniSharma-slqe]

Income method NDP at fc
3 step
Operating surplus+ consumption of employees+ mixed income
OPERATING SURPLUS
rent + royalty+ interest + profits
Profits = undistributed profits/ retained earnings/ any savings + corporate tax + dividend
CONSUMPTION OF EMPLOYEES
wages and salaries in any kind of cash + employees contribution towards society

[khushijain]

Thank you so much sir for a wonderful video 📸📸

[bhawnasoni]

Sunil sir explanation is a thing of beauty for us.😊😊

[pramila_satnami]

□ in change in Stock
-intermediate consumption (purchase of raw material )

[Parthtyagi]

NIT = IT - Subsidies
IT Second name is Gst, Custom Duty, Import Duty
Subsidies - Old age people or scholarship students ko milti h
If NIT Or IT is Not given It's value is 0
National Income = NNP at Factor Cost
Domestic Income = NDP At Factor Cost



Production Method se GDP At Market Price Nikalta h
Income method se NDP at Factor cost nikalta h
Expenditure Method se GDP at Market Price Nikalta h

[aasthapaul]

Thank u sir...was waiting for this video

[shivangichand]

production method
sales + change in stock- intermediate consumption
sales= domestic sales + exports
change n stock= closing- opening
internnediate consumption= purchasess of raw material