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`GDP = "COE" + "R" + "I" + "P" + "C" + "T" + "N" + "D" `
Enter a value for all fields
The GDP by Income calculator computes the GDP based on Income.
INSTRUCTIONS: Choose currency units and enter the following:
- (COE)
- (R) - Rent
- (I) - Interest
- (P) - Proprietor's income
- (C) - Corporate profits
- (T) - Indirect Business Taxes
- (D) - Depreciation
- (N) - Net Factor income
GDP by Income (GDP): The calculator returns the GDP in U.S. dollars. However, this can be automatically converted to compatible units via the pull-down menu.
Macroeconomics Calculators
- Income Elasticity of Demand
- Cross-Price Elasticity of Demand
- Price Elasticity of Demand
- Price Elasticity of Supply
- Total Surplus
- Consumer Surplus
- Producer Surplus
- GDP Growth
- GDP Deflator
- GDP by Income
- GDP Expenditure
- Net Capital Outflow
- Net Exports and Net Capital Outflow
- Dollar Conversion from Different Times
- Unemployment Rate (Friedman and Phelps)
- National Saving
- Domestic Investment
- Unemployment Rate
- Inflation Rate in Year 2 (using CPI)
- Labor Force
- Labor-Force Participation Rate
- Net Exports
- Real Exchange Rate
- Currency Converter
- Midpoint Method for Price Elasticity of Demand
- Income Elasticity of Demand
- Simple Price Elasticity of Demand
The Math / Science
The formula for the GDP by Income is:
`GDP = COE + R + I + P + C + T + N + D`
where:
- GDP - Gross Domestic Product by Income
- COE - Compensation of Employees. All salaries, wages, benefits, pension, social security contributions
- R - Rent. Income earned from property ownership
- I - Interest. Income earned by supplying capital
- P - Proprietor's income. Income earned by business owners including incorporate business, partnership, sole proprietorship
- C - Corporate profits. Income earned by stock holders
- T - Indirect Business Taxes. All sales tax, business property tax and license fee
- D - Depreciation. Decrease in value of goods
- N - Net Factor income. All payments sent to foreign entities for domestic production subtracted from all payments received by domestic citizens from foreign entities
The values are all in U.S. dollars (USD). However, other currency units (e.g. Indian Rupee) are available via the pull-down menu. The currency exchange rates are updated approximately every two minutes.