What is the relationship between GDP, GNP and PCI? Discuss.
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Answered by
19
Answer:
Keep it simple principle:
GDP = gross domestic product which includes consumption, investment and government expenditures plus exports but minus imports.
GNP = gross national product which includes consumption, investment and government expenditures plus exports but don’t minus the imports.
PCI = per capita income is GDP divided by the number of people in the economy.
Answered by
8
Answer:
Keep it simple principle:
GDP = gross domestic product which includes consumption, investment and government expenditures plus exports but minus imports.
GNP = gross national product which includes consumption, investment and government expenditures plus exports but don’t minus the imports.
PCI = per capita income is GDP divided by the number of people in the economy.
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