Class notes Macroeconomic Theory (econ112) Principles of Microeconomics, ISBN: 9781260326475

,National income


+
Government transfer payment
Undistributed
-


corporate profits
Corporate profit taxes
-




-

Other income not paid out


Personal Income

-



Personal income taxes


Disposable Income




Compensation of employee
Gross operating surplus
Gross mixed income



Taxes ( net of subsidies ) on production

Indirect taxes ( net of ) subsidies

Gross domestic income ( GDI )

, Compensation of employee
Gross operating surplus
Gross mixed income



Taxes ( net of subsidies ) on production

Indirect taxes ( net of ) subsidies

Gross domestic income ( GDI )

-




Depreciation
-

Indirect taxes ( net of subsidies)

NDI ( National Domestic Income)

+ 1- Net foreign factor income


MNI ( Net National Income)




Disposable income
=

Saving +
Consumption
Y -
T =
C + S