The net exports formula subtracts total ... is also added to the national income. All of this together constitutes a nation’s income. GDP vs. GNP vs. GNI Although GDP is a widely used metric ...

Formula: NDP at Market Price = NDP at Factor Cost + Indirect Taxes − Subsidies 5. Gross National Product (GNP) at Factor Cost GNP at factor cost extends GDP by incorporating net income from ...

GDP is calculated based on three main methods: production, expenditure, and income, and this GDP can be expressed in the following ways: nominal, real, or GDP per capita. Besides its significance ...