Readers Question: what is gross domestic income?
Gross Domestic Income is a measure of a countries National Income. It is the same level as National Output and National Expenditure. The GDP in the UK is about £1,200 billion.
Gross domestic income is calculated by adding all the different types of income in a society. This includes
Real Gross domestic income will take into account the effect of inflation on income to show the actual increase in purchasing power the income can buy.