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How to calculate the national income

How to calculate the national income

National income is the annual value of produced goods and rendered services.

It is characterized by a value which added production in a given year to the welfare of society.

instructions

1

Before the calculation of the nationalincome, you should know that the total volume of the country's income depends not only on the results of the internal production activities, but also on the income received from abroad and paid abroad. The amount of primary income, determined on the basis of gross domestic product, which represents the amount of goods and services produced by residents, is different from the income received by the country. This difference will be the balance of primary income transferred abroad and received because of it. The total volume of primary income, taking into account this difference and would be gross national income.

2

GNI can be calculated using the following formula:
GNI = GDP + SPD + SOT + SDS + SH + SC where
GDP - gross domestic product-
SPD - the balance of primary incomes received by residents from abroad and paid nerezidentam-
SOT - the balance of wages received by residents from abroad and paid nerezidentam-
SDS - the balance of property income received by residents from abroad and paid nerezidentam-
SH - net taxes on production received by residents from abroad and paid nerezidentam-
SC - balance on the production subsidies received by residents from abroad and paid to non-residents.

3

Net national income is defined as the difference between gross national income and the value of consumption of fixed capital, ie, depreciation of fixed assets.

4

In addition, there is a grossdisposable national income. It is the sum of gross national income and net transfers received from non-residents and devotees abroad. Under the transfers meant the sum of gratuitous transfers (donations, donations, humanitarian aid).

5

Net national disposable income - isthe difference between gross disposable national income and depreciation of fixed capital. This indicator shows the amount of income that residents can use for consumer spending or saving.

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