What I gross national product, national income and network domestic product
Dear student,
Gross domestic product = GDP at MP = $100,000
Gross national product = GNP at MP= GDP at MP + Net factor income from abroad ( factor income from abroad - factor income to abroad)
1. Gross national product = 100,000 + (0 - 20,000) = 100,000 - 20,000 = $80,000
Now,
National income = NNP at FC = GNP at MP - Depreciation - net indirect taxes
2. national income = 80,000 - 40,000 - 0 =$40,000
3. Net domestic product = NDP at MP = GDP at MP - Depreciation = 100,000 - 40,000 = $60,000
assumption:it is assumed that it is NET DOMESTIC PRODUCT instead of NETWORK DOMESTIC PRODUCT in third part
Regards!!
Gross domestic product = GDP at MP = $100,000
Gross national product = GNP at MP= GDP at MP + Net factor income from abroad ( factor income from abroad - factor income to abroad)
1. Gross national product = 100,000 + (0 - 20,000) = 100,000 - 20,000 = $80,000
Now,
National income = NNP at FC = GNP at MP - Depreciation - net indirect taxes
2. national income = 80,000 - 40,000 - 0 =$40,000
3. Net domestic product = NDP at MP = GDP at MP - Depreciation = 100,000 - 40,000 = $60,000
assumption:it is assumed that it is NET DOMESTIC PRODUCT instead of NETWORK DOMESTIC PRODUCT in third part
Regards!!