Question: *Activity Compute the GNP/GNI using the three approaches. Show the computation and answer the questions below: X - 7M CE - 110M P - 130M

*Activity Compute the GNP/GNI using the three approaches. Show the computation and answer the questions below: X - 7M CE - 110M P - 130M SD- 3M NFIA- -5M CCA-12M EI - 50M G - 34M B - 59M Services - 53M Agriculture - 81M M - 14M IBT - 5M GI - 22M Industry - 85M CI - 15M . Questions: 1. What is the total National Income? 2. What is the formula to get the national income? 3. What is the total GNP/GNI? 4. What is the total GDP? 5. Which is higher, the GDP or GNP/GNI? EXPLAIN briefly: 1. How can the expenditures of the household be measured? 2. Why is GNP/GNI always higher than GDP?Elaborate: 1. Why is it important to measure the national income of the country? 2. Why is the GNP/GNI the same whatever approaches is used to measure it

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