Question: a) Based on the table, what calculations must you make to determine GNP from GDP? b) NI is composed of a number of categories. What
a) Based on the table, what calculations must you make to determine GNP from GDP?
b) NI is composed of a number of categories. What category makes up the largest portion of NI?

Q1 Q2 Q4 Gross Domestic Product 21,561.1 19,520.1 21,479.5 Gross National Product 21,804.3 19,672.0 21,381.6 (Q3) Net National Product 18,295.3 16,137.6 17,809.3 (Q3) National Income 18,405.5 16,151.0 17,513.2 (Q3) Personal income 18,951.0 20,457.3 19,576.] Personal Disposable Income 16,6986 18,3 60.8 17,3494 Personal Savings 1,595.3 4,770.8 2,325.6
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
