What are the factors that determine countrys national income?

A countrys national income is simply: Amount of economic activity happening production of real goods & wages. There are several ways to measure this (Net output method, Net Product method, Value Addition etc.) Factors affecting the national income are Labor, Capital, Land and Entrepreneurship. In essence, this means NI = Wages + Interest + Rent + Profit Note that NI is basically the GDP of the country subtracted the amount of capital consumed in producing that GDP, added/subtracted by foreign income flow and govt. subsidies.

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