National Income Calculator
National Income Calculator | ||
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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 |