How to get edge in National Income Accounting

This Chapter on National Income Accounting needs memory skills,Understanding and application skills.All the three approaches are required to make NIA a cake walk.
Before starting you must know a bit about Factor Income,Transfer Income,Final Goods,Intermediate Goods etc.
First thing is to learn all the methods.This require cramming of farmules.This can be done by Practice.
Some Golden Rules-:
MP=FC+NIT                                                           :NIT=INDIRECT TAX-SUBSIDIES
FC=MP-NIT

GROSS=NET+DEPRECIATION                           :DEP=CONSUMPTION OF FIXED CAPITAL
NET=GROSS-DEPRECIATION

NATIONAL=DOMESTIC+NFIFA                           :NFIFA=FIFA-FITA
DOMESTIC=NATIONAL-NFIFA

So GNPmp=NDPfc+Dep+NFIFA+NIT
or

NDPfc=GNPmp-Dep-NFIFA-NIT
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After remembering above rules now various methods of estimating National Income.

Income method-:The first step is to determine NDPfc
NDPfc=Compensation of employees + operating surplus + mixed Income

Compensation of employees=Wages and salaries + Employers contribution to social security
Operating surplus=Rent + interest + Profits + Royalty(if given)

After determining NDPfc determine NNPfc

NNPfc=NDPfc+NFIFA

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Expenditure Method
The first step is to determine GDPmp


GDPmp=Private final consumption expenditure + Government final consumption expenditure + Gross domestic capital Formation + Net Exports
Gross Domestic Capital formation may not be given directly then you have to make it.

If NDCF is given use given below method

GDCF=Net domestic capital formation + Depreciation


If ND Fixed CF is given use given below method

GDCF=Net domestic fixed capital formation + Depreciation + Change in stock

 If GD Fixed CF is given use given below method

GDCF=Gross domestic fixed capital formation + Change in stock

or

GDCF=Gross business fixed Investment + Gross residential construction + Gross Public Investment + Change in stock

Net exports=Exports - Imports


So after determining GDPmp


NNPfc=GDPmp - Dep + NFIFA - NIT