12-02-2004, 03:34 AM
Dear Cancerian,
Here I'm summarizing the national income equations.
GDP = C + I + G + (X - M)
GNP = GDP + Net Factor Income received from abroad - Net factor
income taken away by foreigners by investment in the domestic
country
Do not get confused with whatever is written about GNP & GDP in the books you mentioned.
Here I'm summarizing the national income equations.
GDP = C + I + G + (X - M)
GNP = GDP + Net Factor Income received from abroad - Net factor
income taken away by foreigners by investment in the domestic
country
Do not get confused with whatever is written about GNP & GDP in the books you mentioned.