AS Macroeconomics
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
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