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Note
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Reference no. 9-797-075
Authors: Robert E Kennedy
Published by: Harvard Business Publishing
Originally published in: 1996
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.

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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.

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