National Income - GDP versus GNP

Related BrainMass Solutions

• Calculating GDP, GNP, Net National Product and National Income

  Calculating GDP, GNP, Net National Product and National Income is achieved.

• Important information about similarities and differences between GDP and national income

  The primary measures of national income and output are Gross Domestic Product (GDP), Gross National Product (GNP), Gross National Income (GNI), Net National Product (NNP), and Net National Income (NNI).

• GDP and GNP

  GNP takes care of import and export by the country. GNP= GDP + Income from Exports - Income from Import.

• Relation between GNP and GDP

  GDP = GNP - capital consumption allowances. GNP = GDP - capital consumption allowance GDP differs from Gross National Product (GNP), in excluding inter-country income transfers, Essentially, GDP = GNP - NFP (net factor payments).

• Calculating the GDP, NDP, GNP, NI etc from a data set

  Income from abroad = 2262+(-5)=2257 NNP (Net National Product)=GNP- Depreciation=2257-234=2023 *NI (Net Investment) =I - Depreciation =404-234=170 NI (National Income) = NDP - Indirect Bus.Tax = 2028-177=1851 PI (Personal Income) = NI - Corp.Profit

• Graph to Determine Equilibrium Levels

  + I + G + X - M 2- GNP at market prices = GDP + Net Receipts 3- GNP at factor cost = GNP @ Market Price + Subsidies - Indirect Taxes 4- Net National Product = GNP @ Market Price - Depreciation 5- National Income = NNP - Indirect Taxes - GDP

• similarities and differences between GDP and national income

  167239 Comparing GDP and National Income Could you explain the similarities and differences between GDP and national income? Would you define Gross Domestic Product and Gross National Product.

• The gross national product

  265408 Gross National Product What are the components of Gross National Product (GNP)?

• GDP accurately reflect our nation's productivity

  GNP takes care of import and export by the country. GNP= GDP + Income from Exports - Income from Import.