Showing posts with label GNP. Show all posts
Showing posts with label GNP. Show all posts

Tuesday, 25 March 2014

GDP, GNP

GDP plus net property income from abroad (NPIFA) equals Gross National Product (GNP)

GDP+NPIFA=GNP

GNP minus depreciation (capital consumption) equals Net National Product (NNP) or National Income

GNP-Depreciation=NNP