Net national income

The dismal science Economics

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Major concepts

Hydrogen economy Consumerism Contributive income Milton Friedman Stansberry and Associates

The worldly philosophers

Milton Friedman Adam Smith Daniel De Leon Brad DeLong v - t - e

Net national income (NNI) is a type of national income accounting defined as gross national income minus the depreciation of fixed capital assets (dwellings, buildings, machinery, transport equipment and physical infrastructure) through wear and tear and obsolescence. In that sense it is very similar to Net Domestic Product.

Formula

The formula for calculating net national income is: NNI = C + I + G + NX + NFF - IT - D

Where C is consumption, I is investment, G is government spending, NX refers to imports minus exports, NFF is net foreign factors, IT are any indirect taxes, and D is capital depreciation. A somewhat obscure variant of NIA it often takes a back seat to more prominent indicators like GDP and GDI.

See also

• Gross domestic product
• Gross domestic income
• Gross national income