National Income Excel Template

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The following information is available for the year ended on December 31, 2018. Calculate
the national income of the nation during the year based on the given information.

Particulars Amount (in trillions)

Consumption $5
Government Expenditures $7
Investments $12
Exports $4
Imports $2
Foreign Production by
National Residents $0.5

Domestic Production by
$1.5
Non-National Residents

National Income of Nation is calculated using the formula given below

National Income = Consumption + Government Expenditures + Investments + Exports – Imports
+ Foreign Production by National Residents – Domestic Production by Non-National Residents

National Income $25

Let us take the example of another country where we have its Gross Domestic Product (GDP) from
which we have to calculate the national income of the country. The following information is available
for last year. Calculate the national income of the country based on the given information.

Particulars Amount (in billions)

GDP $3,000
Foreign Production by
$900
National Residents
Domestic Production by
$600
Non-National Residents

National Income of the nation is calculated using the formula given below
National Income = GDP + Foreign Production by National
Residents - Domestic Production by Non-National Residents

National Income $3,300