what is the equation for National income in macroeconomics

Economics
Tutor: None Selected Time limit: 1 Day

National income

Oct 23rd, 2015

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The equation for calculating net national income is;

NNI = C + I + G + NX + NFI - IT - D

Where;

NNI = Net National Income

C = Consumption

I = Investments

G =  Government spending

NX = Net Exports ( exports - imports)

NFI = Net Foreign income

IT = Indirect taxes

D = Depreciation

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Oct 23rd, 2015

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