Gross Domestic Income

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

  • Wages
  • Profit
  • dividends

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.


By on April 11th, 2008