NNP at MP = NDP at FC - Net factor income to abroad + Net Indirect Taxes = Rs.[1,910 - (-)20 + 120] crores = Rs.2,050 crores. (b) Using Expenditure Method, GDP at MP = Private final consumption expenditure + Government final consumption expenditure + Gross domestic capital formation - Net imports = Rs.[680 + 1,350 + 250 - 80] crores = Rs.2,200 NDP: Net domestic product is defined as "gross domestic product (GDP) minus depreciation of capital", similar to NNP. GDP per capita : Gross domestic product per capita is the mean value of the output produced per person, which is also the mean income. Macro economics help with gdp and nnp If in some country personal consumption expenditures in a specific year are $70 billion, purchases of stocks and bonds are $35billion, net exports are -$40 billion, government purchases are $60 billion, sales of second-hand items are $8 billion, and gross investment is $25 billion, what is the country's GDP National income is the sum total of the value of all the goods and services manufactured by the residents of the country, in a year., within its domestic boundaries or outside. It is the net amount of income of the citizens by production in a year. To be more precise, national income is the accumulated money value of all final goods and National income is calculated for a particular period, normally a financial year (In India, financial year means April 1 to March 31 of next year). Net factor income from abroad is added to the domestic product to get the value of National Income. National Income = C + I + G + (X – M) NDP is an estimate of how much the country has to spend to maintain the current GDP. If the country is not able to replace the capital stock lost through depreciation, then GDP will fall. In addition, a growing gap between GDP and NDP indicates increasing obsolescence of capital goods, while a narrowing gap would mean that the condition of Net National Income (NNI) is an indicator of the total economic activity in a country. It is related to the better known Gross Domestic Product (GDP), but its differences to GDP makes it a more appropriate indicator for Ireland. While GDP measures the value of what is produced in the country, Net National Income measures how much of that value The NDP can provide an estimated value on the country’s amount of spending in order to maintain its current GDP. Basically, the NDP helps the country to prevent it from having a falling GDP. Through an estimated NDP value, the country can be guided on how to replace its capital stock which is lost through depreciation. MGpDpwR.