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.

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By on April 11th, 2008