Gross National Product (GNP) measures the total value of goods and services produced by a country's residents, regardless of where they are located. Gross National Income (GNI) includes the total income earned by a country's residents, both domestically and abroad. The main difference is that GNP focuses on production, while GNI includes income earned from production.
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
Gross National Income is the total income earned by citizens of a nation wherever they are, Net National Income is a measure of the income earned by households, whether they receive it or not. NNI = GNP - depreciation - indirect taxes
Real national income : the actual quantity of goods and services produced. the standard of living depends very much on the quantities of goods and services produced. Nominal national income : the money values of total output, total factor incomes and total expenditure. national income is measured in this way.
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Business investment expenditures that depend on income or production (especially national income or gross national product). An increase in national income triggers an increase in induced investment expenditures.
national income = NNP ( net national product) - indirect business taxes
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
Following are the method of national income accounting :-Product MethodExpenditure MethodIncome Method
the difference between income and consumption
Accrued Income is income that is earned by provided a service or the sale of a product but hasn't been received yet. Outstanding income is income that is yet to be earned.
Gross National Income is the total income earned by citizens of a nation wherever they are, Net National Income is a measure of the income earned by households, whether they receive it or not. NNI = GNP - depreciation - indirect taxes
Real national income : the actual quantity of goods and services produced. the standard of living depends very much on the quantities of goods and services produced. Nominal national income : the money values of total output, total factor incomes and total expenditure. national income is measured in this way.
Gross national product rarely affects personal income.
Besides gross domestic product, national income includes also external income, such as nation's interest rate income/expense and trade balance.
there is no difference.
National Income
National Income