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28 Sep 2019
what is the difference between GDP and GNP?
what is the difference between GDP and GNP?
Mahe AlamLv10
28 Sep 2019
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| Table 1.7.5. Relation of Gross Domestic Product, Gross National Product, Net National Product, National Income, and Personal Income | |||||
| Line | 2015 | 2016 | |||
| III | IV | I | II | ||
| 1 | Gross domestic product (GDP) | 18141.9 | 18222.8 | 18281.6 | 18436.5 |
| 4 | Gross national product | 18332.5 | 18434.1 | 18454.2 | 18632.5 |
| 14 | Net national product | 15488.4 | 15571.4 | 15580.6 | 15732.4 |
| 16 | National income | 15724.4 | 15836.2 | 15844.9 | 15956.6 |
| 25 | Personal income | 15556.1 | 15690.2 | 15740.1 | 15900 |
Part 2: Income Approach to Calculating GDP
What is the difference between GDP and GNP? What is the difference in what the GDP measures compared to GNP?
Based on the table, what calculations must you make to determine GNP from GDP?
What is national income (NI)? What does NI measure?
Which was higher in this year, GNP or NI? By how much?
What calculations must you make to determine NI from GNP?
NI is composed of a number of categories. What category makes up the largest portion of NI?
