How to calculate national income by …

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Yogita Ingle 5 years, 3 months ago
The expenditure method of calculating National Income or Gross Domestic Product takes into account the final goods and services produced in a country during a period of time.
The formula for calculating national expenditure is
National Income = C + I + G + (X−M)
Where,
C = Consumption by residents of the nation
I = Investment
G = Government spending
X = Exports
M = Imports
Or National Income = C + I + G + NX
Where,
Net Exports (NX) = Exports – Imports
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