## National Disposable Income Solution

STEP 0: Pre-Calculation Summary
Formula Used
National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
NDI = NI+NIT+NCTrw
This formula uses 4 Variables
Variables Used
National Disposable Income - National Disposable Income refers to the total amount of income earned by residents of a country minus any taxes paid to the government, plus any government transfers.
National Income - National Income refers to the total monetary value of all goods and services produced within a country's borders over a specific time period.
Net Indirect Taxes - Net Indirect Taxes refers to the difference between indirect taxes collected by the government on the production and sale of goods and services and subsidies provided by the government to producers.
Net Current Transfers from the Rest of the World - Net Current Transfers from the Rest of the World refers to the net amount of money transferred between residents of a country and non-residents during a specific period.
STEP 1: Convert Input(s) to Base Unit
National Income: 5000 --> No Conversion Required
Net Indirect Taxes: 3000 --> No Conversion Required
Net Current Transfers from the Rest of the World: 25800 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
NDI = NI+NIT+NCTrw --> 5000+3000+25800
Evaluating ... ...
NDI = 33800
STEP 3: Convert Result to Output's Unit
33800 --> No Conversion Required
33800 <-- National Disposable Income
(Calculation completed in 00.004 seconds)
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## Credits

Created by Aashna
IGNOU (IGNOU), India
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BMS College of Engineering (BMSCE), Bangalore
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## < 20 Macroeconomics Calculators

Operating Surplus
Operating Surplus = Value of Output-Intermediate Consumption-Compensation of Employees-Mixed Income-Consumption of Fixed Capital-Net Indirect Taxes
Components of Aggregate Demand
Components of Aggregate Demand = Private Consumption Expenditure+Investment Expenditure+Government Expenditure+Net Exports
Real Effective Exchange Rate
Real Effective Exchange Rate = (Consumer Price Index of Domestic Nation*Nominal Effective Exchange Rate)/Consumer Price Index of Foreign Country
Net Factor Income from Abroad = Net Compensation of Employees+Net Income from Property and Entrepreneurship+Net Retained Earnings
National Disposable Income
National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
Gross Domestic Product at Factor Cost
Gross Domestic Product at Factor Cost = Gross Domestic Product at Market Price+Subsidies-Indirect Taxes
Change in Money Supply
Change in Money Supply = (1/Required Reserve Ratio)*Change in Bank Reserves-(Initial Deposit Amount)
Personal Disposable Income
Personal Disposable Income = Personal Income-Personal Taxes-Miscellaneous Receipts of Government
Life Expectancy
Life Expectancy = Current Age of the Individual+Average Life Expectancy-Adjustment Factor
Private Final Consumption Expenditure
Private Final Consumption Expenditure = Household Final Consumption Expenditure+Non Profit Private Institutions FCE
Gross National Product at Market Price
Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad
Net Domestic Product at Factor Cost
Net Domestic Product at Factor Cost = Net Domestic Product at Market Price-Net Indirect Taxes
Net Domestic Product at Market Price
Net Domestic Product at Market Price = Gross Domestic Product at Market Price-Depreciation
Growth Rate of Money Supply
Growth Rate of Money Supply = Rate of Inflation+Growth Rate of Real Gross Domestic Product
Real Gross Domestic Product Per Capita
Real Gross Domestic Product Per Capita = Real Gross Domestic Product/Total Population
Expenditure Multiplier
Expenditure Multiplier = Initial Consumer Price Index/Change in Government Spending
Gross National Disposable Income
Gross National Disposable Income = Net National Disposable Income+Depreciation
Velocity of Money
Velocity of Money = Nominal Gross Domestic Product/Money Supply
Real Wage
Real Wage = Nominal Wage/Consumer Price Index
Simple Deposit Multiplier
Simple Deposit Multiplier = 1/Required Reserve Ratio

## National Disposable Income Formula

National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World
NDI = NI+NIT+NCTrw

## What do you mean by National Disposable Income ?

National Disposable Income comprises net indirect taxes and net current transfers from the rest of the world. It is the sum of the disposable incomes of all resident institutional units. National Disposable Income is an important measure used by economists, policymakers, and analysts to assess the standard of living, income distribution, and economic well-being of a country's residents. It provides insights into the amount of income available to individuals and households for consumption, saving, and investment purposes, after accounting for the impact of depreciation, taxes, and subsidies. Changes in national disposable income over time can indicate trends in economic growth, income inequality, and government policy effectiveness.

## How to Calculate National Disposable Income?

National Disposable Income calculator uses National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World to calculate the National Disposable Income, National Disposable Income refers to income that is readily available for disposal to the entire nation. National Disposable Income is denoted by NDI symbol.

How to calculate National Disposable Income using this online calculator? To use this online calculator for National Disposable Income, enter National Income (NI), Net Indirect Taxes (NIT) & Net Current Transfers from the Rest of the World (NCTrw) and hit the calculate button. Here is how the National Disposable Income calculation can be explained with given input values -> 33000 = 5000+3000+net_current_transfers_rw.

### FAQ

What is National Disposable Income?
National Disposable Income refers to income that is readily available for disposal to the entire nation and is represented as NDI = NI+NIT+NCTrw or National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World. National Income refers to the total monetary value of all goods and services produced within a country's borders over a specific time period, Net Indirect Taxes refers to the difference between indirect taxes collected by the government on the production and sale of goods and services and subsidies provided by the government to producers & Net Current Transfers from the Rest of the World refers to the net amount of money transferred between residents of a country and non-residents during a specific period.
How to calculate National Disposable Income?
National Disposable Income refers to income that is readily available for disposal to the entire nation is calculated using National Disposable Income = National Income+Net Indirect Taxes+Net Current Transfers from the Rest of the World. To calculate National Disposable Income, you need National Income (NI), Net Indirect Taxes (NIT) & Net Current Transfers from the Rest of the World (NCTrw). With our tool, you need to enter the respective value for National Income, Net Indirect Taxes & Net Current Transfers from the Rest of the World and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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