Question
Grossdomesticproduct 21,542.50 Grossnationalproduct 21,851.50 Netnationalproduct 18,365.60 Nationalincome 18,263.50 Personalincome 18,718.40 Based on these numbers I need help answering the following questions. What is the difference
Grossdomesticproduct 21,542.50 Grossnationalproduct 21,851.50 Netnationalproduct 18,365.60 Nationalincome 18,263.50 Personalincome 18,718.40 Based on these numbers I need help answering the following questions.
- What is the difference between gross domestic product (GDP) and gross national product (GNP)? What is the difference in what GDP measures compared to GNP?
- Based on the table, what calculations must you make to determine GNP from GDP?
- What is national income (NI)? What does NI measure?
- Which was higher in this year, GNP or NI? By how much?
- What calculations must you make to determine NI from GNP?
- NI is composed of a number of categories. What category makes up the largest portion of NI?
- Please analyze and discuss the significance of the data that you received for this Data exercise. Reflect on what you have learned from this exercise.
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Understanding Basic Statistics
Authors: Charles Henry Brase, Corrinne Pellillo Brase
6th Edition
978-1133525097, 1133525091, 1111827028, 978-1133110316, 1133110312, 978-1111827021
