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Although the net national product is a key identity in national accounting, its use in economics research is generally superseded by the use of the gross domestic or national product as a measure of national income, a preference which has been historically a contentious topic (see e.g. Boulding (1948) [3] and Burk (1948) [4]).
NDP: Net domestic product is defined as "gross domestic product (GDP) minus depreciation of capital", [6] similar to NNP. GDP per capita: Gross domestic product per capita is the average market value rendered per person. GNI per capita: Gross national income per capita is related to average income per person and mean income.
Business current transfer payments (net) 77.70 Current surplus of government enterprises: 9.50 Equals: national income (NI) 9,679.60: Statistical discrepancy: 25.60 Equals: net national product (NNP) 9,705.20: Consumption of fixed capital: 1,353.90 Equals: gross national product (GNP) 11,059.10: Income receipts from the rest of the world: 273.90
Gross national product (GNP) is the market value of all the goods and services produced in one year by labor and property supplied by the citizens of a country. Unlike gross domestic product (GDP), which defines production based on the geographical location of production, GNP indicates allocated production based on location of ownership.
The Chicago Bears intend to interview Notre Dame's Marcus Freeman for their head coaching vacancy, NFL Network reported Sunday. Freeman, of course, has more pressing matters at the moment.
The college football bowl schedule doesn't stop for Christmas Eve. San Jose State and South Florida meet in the Hawaii Bowl.
Italian Sea Group is not liable in relation to the fatal sinking of Mike Lynch's superyacht, which killed the British tech billionaire and six others, its chief executive said on Tuesday. The ...
Given the differences in price levels, the size of higher income countries is inflated, while the size of lower income countries is depressed in the comparison. PPP-based cross-country comparisons of GDP at its expenditure components only reflect differences in economic outputs (volume), as PPPs control for price level differences between the ...