National Income Calculator Tool

National Income Calculator

National Income Calculator

National Income Calculator
Parameter Description Example Value
Gross Domestic Product (GDP) The total market value of all final goods and services produced within a country. $20 trillion
Net Factor Income from Abroad The net income received from abroad (income received – income paid). $1 trillion
Depreciation The total value of depreciation on capital goods. $2 trillion
Indirect Taxes The total value of indirect taxes. $1 trillion
Subsidies The total value of subsidies provided by the government. $0.5 trillion
National Income The total income earned by the residents of a country.
Formula: GDP + Net Factor Income from Abroad – Depreciation – Indirect Taxes + Subsidies
$16.5 trillion

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top