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Thursday 8 November 2012

FEVER

i feeling not very well today because i was fever...I HAVE O MOOD TO DO ANYTHING..but i must to study...
today my economic class i was study about the national income..this topic abut relationship between consumer,investment,government,subsidies and tax.
the gross domestic product have three part first product or output approach second expenditure approach third income approach..in product or output product divide by three category is primary sector including agriculture,fishing,quarrying,forestry..
next category is secondary sector including manufacturing and construction and last category is tertiary sector about services. 
the important in this chapter is i must remember the formula..
formula for product output:

                 GDPFC = GDPMP - Indirect tax + Subsidies
                 GNPFC = GDPFC + Net Factor Income from Abroad
                 NI   = NNPFC = GNPFC - Depreciation  

                formula for expenditure approach:

                 GDPMP = C + I + G + [X-M]

formula for income approach:
    GDPFC = wages + salaries + rent + profit + interest + dividend
           

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