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PILIPINAS
Gross Domestic
Product (GDP), which
defines DOMESTIC PRODUC
ROSS
production based on the geographical
location of production.
measures the total output produced
within a country's borders - whether
produced by that country's own firms
GAWA NG PILIPINO
Gross National Product (GNP) is the
market value
of all productsPRODUCT
and
GROSS
national
services produced in one year by labor
and property supplied by the residents
of a country.
measures the output generated by a
country's enterprises (whether
physically located domestically or
EXPENDITURES METHOD
INDUSTRIAL-ORIGIN METHOD
INCOME METHOD
EXPENDITURES METHOD
C + G + I + (X M) = GDP
GNP = GDP + Net Factor Income From
Abroad
C = EXPENSES OF HOUSEHOLDS
G = GOVERNMENT EXPENDITURES
I = EXPENDITURES OF BUSINESS
FIRMS
(X-M) = EXPENDITURES OF THE
EXTERNAL SECTOR,
X = EXPORTING EXPENSES
M = IMPORTING EXPENSES
INDUSTRIAL-ORIGIN METHOD
A+D+S=GDP
GNP=GDP + Net Factor Income
From Abroad
A = AGRICULTURE is
composed of the industries of
farming, fisheries, and forestry.
D = INDUSTRY includes
mining, manufacturing,
construction, electricity, gas
and
S =water.
SERVICE includes
transportation and
communications, finance, real
state, and the private and
INCOME METHOD
W + R + T + P = NI
NI + (ITS) + DA = GNP
GDP = GNP - Net Factor
Income From Abroad
ITS (INDIRECT TAXESSUBSIDY), Subsidies are
financial assistance given by
the government to decrease
the cost of production of the
business firms.
DA DEPRECIATION
ALLOWANCE are reserved
costs for the upgrade and
maintenance of capital goods.
EXPENDITURES
INDUSTRIAL ORIGIN
METHOD
C
+
METHOD
Agriculture
+
net factor
Industry
Wage
+
Service
(X-M)
GDP
+
INCOME METHOD
Rent
Profit
NI
GDP
+
net factor
Interest
Subsidy)
+
GNP
(indirect taxesSubsidy)
Subsidy)
DA
NI
GNP
(indirect taxesDA
NI
(indirect taxes-
from
DA
GNP
net factor income
abroad
GDP