Aug
28
2011
How do I calculate national income from NDP?
I have a formula and it says:
NDP – indirect business taxes – business tranfers – net foreign income + other business income = National income
I don’t know if there’s a better formula, but if not, then does anyone know what “other business income” would be? And would net foreign income be equivalent to net interest? I am so lost in this class. I appreciate ANY help I can get! Thank you!
This conversation was published at Accounting Services of Charlotte, NC
Dave LAugust 28, 2011 at 6:34 am
Dividends, interest, etc would be “other business income”.
Foreign income wouldbe profits from subsidiaries in foreign countries, net interest would come under “other business income”
A variation on the formula, and another link might help. . .