Knowing the methods for calculating macroeconomic indicators will help you learn more about the situation in a particular country. For example, an indicator such as national income provides information on how the economy and consumption opportunities are developing in a particular state.
Instruction manual
1
Before obtaining the indicator itself, it is necessary to give it a definition. National income means all the money received by the population in the form of profit for a certain accounting period. Usually, the year is taken as the basis. The growth of this indicator also means an increase in the number of goods and services produced, as well as an increase in the well-being of the population.
2
The calculation of national income is carried out using another indicator - net national product (NNP). It is obtained by adding up the value of all goods and services produced per year. Such information about modern states can be obtained from the websites of ministries and departments responsible for economic development. To calculate the indicators of past centuries, it is necessary to use archives and research literature created by historians.
3
After receiving the NNP, it is necessary to deduct from it indirect taxes collected from the business. These include value added tax and excise taxes. These data are located on websites and in tax reports.
4
The resulting figure will be national income. However, this indicator cannot be considered the only suitable for assessing the economic situation. For example, to compare the various economies of the world, the calculated per capita income can be considered more representative. Also, national income does not reflect the state of society, for example, its possible strong stratification of property. Revenue growth in the state may be concentrated in the hands of the wealthiest citizens, and the most vulnerable segments of the population may become even poorer. To understand this process, amounts are calculated from national income. on average received by the richest and poorest. Nevertheless, national income is a convenient quantity to compare the economic state of the same state over time.
