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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.

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5mo ago

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What indicate the national income?

national income = NNP ( net national product) - indirect business taxes


What is National Income Accounting as a method of National income?

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What is national income accounting as a methods of national income?

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What is the difference between consumption and income?

the difference between income and consumption


Difference between accrued income and outstanding income?

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.


What is the difference between gnp and nni?

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


What is the difference between real national income and nominal national income?

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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Gross national product rarely affects personal income.


What is a national income?

Besides gross domestic product, national income includes also external income, such as nation's interest rate income/expense and trade balance.


What is the difference between income and earnings?

there is no difference.


When you subtract sales and excise taxes from the net national product you have calculated?

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When you subtract sales and excise taxes from the net national product you have calculated the?

National Income