Purchase Solution

Important information about similarities and differences between GDP and national income

Not what you're looking for?

Ask Custom Question

What are the similarities and differences between GDP and national income?

Purchase this Solution

Solution Summary

Solution clearly explains the similarities and differences between GDP and National Income and also explains different economic indicators like GDP,GNI, GNP, GNE, NNP, NNI.

Solution Preview

Before we go for differences between we will look at why GDP, GNI, GNP,etc are estimated for.

Measures of national income and output are used in economics to estimate the welfare of an economy through totaling the value of goods and services produced in an economy. They use a system of national accounting first developed during the 1940s. The ...

Purchase this Solution


Free BrainMass Quizzes
Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.