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Gross Domestic Product Income

Gross domestic product using the income approach looks at the sum of primary incomes distributed by resident producer units.

The gross domestic product equals the sum of the depreciation, interest income, profits, rental income, indirect business taxes and labor income.

Formula

QuantityVariable["GDP", "Money"] == QuantityVariable["D", "Money"] + QuantityVariable["i", "Money"] + QuantityVariable["PR", "Money"] + QuantityVariable["R", "Money"] + QuantityVariable["T", "Money"] + QuantityVariable["W", "Money"]

symbol description physical quantity
GDP gross domestic product "Money"
D depreciation "Money"
i interest income "Money"
PR profits "Money"
R rental income "Money"
T indirect business taxes "Money"
W labor income "Money"

Forms

Examples

Get the resource:

In[1]:=
ResourceObject["Gross Domestic Product Income"]
Out[1]=

Get the formula:

In[2]:=
FormulaData[ResourceObject["Gross Domestic Product Income"]]
Out[2]=

Use some values:

In[3]:=
FormulaData[ ResourceObject[ "Gross Domestic Product Income"], {QuantityVariable["W","Money"] -> Quantity[60, "USDollars"]}]
Out[3]=

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