GNP vs GDP

................... the market value of good and services produced by labor and property supplied by the residents

• GNP

• GDP

• GPN

•Net National Product: the second measure of the national income is gross national product plus depreciation charges of wear and tear of the capital equipment.

• True

• False

•Net National Product: the second measure of the national income is gross national product minus depreciation charges of wear and tear of the capital equipment.

• True

• False

Personal Income: is the net total amount of income of individual

• True

• False

Disposal Personal Income is the total amount of income of an individual before tax

• True

• False

Disposal Personal Income is the total amount of income of an individual after tax

• True

• False