Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 2 March 2001
Revision date: 25-Aug-2020
Length: 7 pages
Data source: Published sources
Abstract
Introduces the concept of national income accounting. This note: 1) defines GDP and provides examples; 2) discusses the differences between GDP and GNP; 3) presents both the expenditure and income decompositions of GDP; and 4) defines the relationships among net savings, net exports, and the fiscal debate.
About
Abstract
Introduces the concept of national income accounting. This note: 1) defines GDP and provides examples; 2) discusses the differences between GDP and GNP; 3) presents both the expenditure and income decompositions of GDP; and 4) defines the relationships among net savings, net exports, and the fiscal debate.