1. Create Table based off 5 bullets in picture
2. What is the difference between GDP ( gross domestic product) and GNP ( gross national product)? What is the difference in what GDP measures compared to GNP ?
3. Based off the table , what calculations must you make to determine GNP from GDP ?
4. What is the national income (NI) ? What does NI measure ?
5. Which was higher in this year , GNP or NI ? By how much ?
6. What calculations must you make to determine NI from GNP ?
7. NI is composed of a number of categories, What category makes up the largest portion of NI ?
8. Analyze and discuss the significance of this data, Reflect on what you learned.

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A v Aa~ A A Font Paragraph IN Gross domestic product Gross national product Net national product (you should calculate it as Gross national product minus Consumption of fixed capital) National income Personal income O February 27. 2020 Table 7. Relation of Gross Domestic Product, Gross National Product, and National Incom 2017 2018 2019 1|Gross domestic product (GDP) pete's Com to rest of the word 19.519.4 20,560.2 21,427.1 20.897.8 21.098.8 21,340.3 21.542.5 21,726a 957 9 1.108 2 1.127 0 1,1490 1.177 2 4Equals: Gr he payments to the rest of the world Gross national product 874 4 851.4 5 Less Consumption of food cap 19,782.7 20,848.1 876 2 21,150.4 21,3567 21,841.3 214515 Less Saletical discrepancy 3.1214 3.291.4 3,403.0 3.368.1 3,4022 3,4465 34859 35175 7 Equals: National Income 67 6 10 8 492 42 1 102 5 149 5 Compensation of employees 16.7088 17,545.9 17.743.1 17,9124 18.092.3 18.2162 ages and Salaries 10.4116 10.9285 19.420.4 11037 4 15,3066 19,3869 11/4417 11 5165 10 Supplements to wages and salaries 84621 8,8085 92974 86900 92115 9.2734 93098 9,3048 11 Proprietors' income with inventory valuation and capital 19405 20400 2123.0 20674 2.132 1 2.1517 10 12 consumption adjustments 1.5182 1,5858 1.657.8 1.6244 1,6212 1,6328 16834 1,8939 11 13 777 2 7707 Corporate Rental Income of persons with capital consumption adjustment 718 8 7568 778 2 are profits wit inventory valuation and copilis 7641 757 0 789 0 12 consumption acquittments 14 Fuel surest and misoullined 2.005.9 2.0746 2,085 6 2.0059 2,0827 2 incous payments 6726 15 Taxes on production and imports less subsidies 644 8 688 4 2078.0 657 2 8447 638.4 13 1.3003 1.377 4 1,419.7 1,3939 1,3998 641 1 14 16 Bupingas current transfer payments (not) 145 4 170.0 1,4174 1425.1 1,4364 15 17| Current surplus of govemm 165 4 163.3 -115 -12 9 184 6 1638 16 Addenda: -12.0 -126 -110 17 Gross domestic income (GOD 19 Average of GDP and GDI 19 587 0 20.509 4 Stanstical discrepancy it's a percentage of GOP 19.$532 20.5748 20 848 6 21.0567 21.237 8 21 393 03 20.873.2 21,0778 21.2890 21:467 8 18 01 02 07 19 02 05 February 27. 2020 Table 8, Personal Income and Its Disposition 2017 2018 2019 2018 2019 Q2 03 04 Personal Income Compensation of employees 16 878.8 17 819.2 18,601.4 18,082.8 18,385.4 18,585.9 18,676.9 18.817.5 Wages and salaries 10.4116 10 928 5 11.420 4 11.057 4 11.306.6 11.3869 11.4417 11.5465 8,462.1 8.8385 8,990.0 9211.5 9.2736 9,3096 8,3848 5 Supplements to wages and sabiring Proprietary ricome with inventory valuation and 1,9495 2010 0 2.1230 2.067 4 2095.1 21133 2.1321 2.1517 capital consumption adjustments 1 518 2 1.5888 1,6578 1.6244 38.1 27 2 319 1.821.2 1.6329 1 192 4 1,893.0 Farm 1,480.1 15818 1,8250 1,5884 41 0 B Nonfarm Rental income of persons with capital consumption 1.586.3 1.6137 16415 1,6523 adjustment 718 8 756 8 778 2 7841 767.0 7172 2.6816 20301 279 7 789 0 Personal income receles on 3,002 0 2955 1 30165 2097 7 3.001 10 Personal interest income Personal cudand income 1,561.6 1,7027 1.7204 1,727 2 1.6993 1.7505 17168 1.7148 10 1.130.0 1227 5 1,2723 1,274.8 2.848.1 29715 3.1717 1,2568 1,2060 1,2509 1,2056 Personal parent mamaster receipts 3,003.7 3.113.1 3.156.6 3.1958 3.2195 12 13 Les's Contributions for government soci Comesic 1.209 6 13565 1.4195 1,3687 7 1,4076 14163 1.4213 1,4327 fa Loss Personal current taxes 2.045.8 20776 2.1815 2.0774 2 200.1 2.1753 2.1938 15 Equals: Disposable pa 14.833.0 15,741.5 18,419.9 16,005.4 18,198.5 16,355.7 18,5015 18,823.7 18 Less Personal outays 13,802.1 14.531.1 15,121 1 14.757 8 14.823.0 15.073 15.237 2 15,3509 17 Equals: Personal s 1,030.9 1.210.4 1,298.8 1,247.6 1,375.5 1,2826 1,2643 1,272.8 17 Forsong sung as personal income Addand S Porso Can come excluding curranit billions of chaned (2012) dollars 20 Disposable personal income, bations of chained (2012) 13.245 3 13.7298 14.0712 13.8636 13960.8 14 059 1 14.0836 14.1438 14 002 8 14 556 2 14 074 3 14.7152 14878 1 14 9343 15.011 9 15,0739 2 O G e