3 WAYS TO CALCULATE NATIONAL INCOME METHODS

1. VALUE ADDED METHOD

1.1. GVAMP OF PRIMARY SECTOR(+) GVAMP OF SECONDARY SECTOR (+) GVAMP OF TERTIARY SECTOR

1.1.1. GROSS DOMESTIC PRODUCT AT MARKET PRICE (GDPMP)

1.1.1.1. (-) DEPRECIATION

1.1.1.1.1. (-) NET INDIRECT TAXES

2. INCOME METHOD

2.1. COMPENSATION OF EMPLOYEES+ RENT AND ROYALTY + INTEREST + PROFIT + MIXED INCOME

2.1.1. DOMESTIC INCOME(NDPFC)

2.1.1.1. (+) NFIA

2.1.1.1.1. NATIONAL INCOME (NNPFC)

3. EXPENDITURE METHOD

3.1. PRIVATE CONSUMPTION EXP+ GOVT FINAL CONSUMPTION EXP+ GROSS DOMESTIC CAPITAL FORMATION+ NET EXPORTS

3.1.1. GROSS DOMESTIC PRODUCT AT MARKET PRICE (GDPMP)

3.1.1.1. (-) DEP

3.1.1.1.1. (-) NET INDIRECT TAXES