is gdp and national income same
Answers
Answer:
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Explanation:
GDP(gross domestic product)is the value of all final goods and service produced with in a country.
National income is the per capita income of a person in a country .it is obtained by dividing the total income of a country divided by total population of a country
no GDP and national income are not same
Answer:
GNP and GDP both reflect the national output and income of an economy. The main difference is that GNP (Gross National Product) takes into account net income receipts from abroad. GDP (Gross Domestic Product) is a measure of (national income = national output = national expenditure) produced in a particular country.
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