What is national disposable income and state its formula?

Net national disposable income- It refers to the net Income at market price which is available to the whole country for disposal from all sources. It includes both factor income and transfer income. It is also known as national disposable income.

Net National Disposable Income = NNPFC + NIT + Net Current transfers Current from rest of the world

Gross national disposable income = Net national disposable income + Depreciation.