Net domestic product
The net domestic product (NIP ) indicates the value that definitely newly available domestic goods quantity. On average, there is about 89 % of GDP.
The net domestic product at factor cost is obtained when you subtract from the net domestic product at market prices above the indirect taxes (VAT, tobacco taxes, etc.) and to count the subsidies.
The net national product at factor cost ( national income ) is obtained if one adds to the above, net domestic product at factor cost, the balance of all income and assets income between residents and the rest of the world.
Calculation
There are two methods to calculate the net domestic product and net national product:
1)
2) a)
2) b )