What is GDP? Difference Between GDP Vs GNI

GDP 'Gross Domestic Product ' is Total Market Value of Goods and Services that are produced in a country, GDP is Measuring Tool of Macroeconomics [when Economy is Studied At Large scale-like whole country per-person Income] it measures value in monetary/money term and it includes final goods and service only which are ready to use by the person at market price or Rate.

Meaning of GDP

GDP 'Gross Domestic Product ' is Total Market Value of Goods and Services that are produced in a country, GDP is Measuring Tool of Macroeconomics [when Economy is Studied At Large scale-like whole countries per-person Income] it measures value in monetary/money term and it includes final goods and service only which are ready to use by the person at market price or Rate.

For Example 
In a Counry Xyz With population of 1,000 and there are 100 of companies who produced goods which are consumed by the people of country within XYZ (Within Country) at the market price of Rs 10 and every person spend 1 unit on an average which means the Total Production of Goods or Income of A Country XYZ will Be Rs 10,000 [1,000*10] 


KeyPoints of GDP

  • Measured the Economy in Monetary[Money] Terms.
  • Includes only Final and Finish Goods.
  • Its data of whole Country.


How GDP is Measured In Any Country

Generally, the Economist measured the economy or GDP of a Country and Use various principle and Approaches to Measure out The Gross Domestic Product In Monetary Terms, there are three types of approaches to measure GDP of A country Like India 

Three approaches to Calculate GDP


What is GNI and Who it is Different from GDP

GNI Stands For Gross National Income and the only Difference of GDP and GNP/GNI is that it includes Income and Expenditure of other Countries citizen's also but GDP only Includes the Consumption and Speeding Of Money Within the Country Simply Domestic Level so this is the main difference between GDP and GNI.

GNI = GDP + Income from Rest of World Minus - Expenditure/Payments from rest of The World 


COMMENTS

Name

Aadhar Card,3,Buying Tips,3,CAREER GUIDE,6,CarryMinati,1,Earn Online,6,English comprehension,1,Free software,3,Free Wallpaper,2,Fundamentals of Investment,2,Good Morning image,1,Good Night Image,1,Happy Holi,1,Happy New Year 2020,1,Health and fitness,10,How To Do Stuff,44,Indian Economy,3,Instagram Bio,1,Maha Shivratri 2019,2,Management Accounting,2,Motivational quotes,5,Movies Reviews,2,National Education Day,1,Notes,1,Padma Awards,3,Padma Bhushan 2020,1,Padma Shri 2020,1,Padma Vibhushan 2020,1,PAN Card,3,SHARING TIME,14,SITE REVIEW,5,SSC,1,SSC CGL 2019,1,Study Material For Commerce,2,TRENDING,25,What is?,4,Who is?,7,
ltr
item
RahulLearningBox: How to Do Stuff, Earn Online & more: What is GDP? Difference Between GDP Vs GNI
What is GDP? Difference Between GDP Vs GNI
GDP 'Gross Domestic Product ' is Total Market Value of Goods and Services that are produced in a country, GDP is Measuring Tool of Macroeconomics [when Economy is Studied At Large scale-like whole country per-person Income] it measures value in monetary/money term and it includes final goods and service only which are ready to use by the person at market price or Rate.
https://1.bp.blogspot.com/-7u_KlzxusjU/XXIiREMyOII/AAAAAAAAEq0/giWPcxzZd_wzYQ5BBkLm1noFeAP7dO03gCLcBGAs/s1600/What%2Bis%2BGDP_%2BDifference%2BBetween%2BGDP%2BVs%2BGNI.png
https://1.bp.blogspot.com/-7u_KlzxusjU/XXIiREMyOII/AAAAAAAAEq0/giWPcxzZd_wzYQ5BBkLm1noFeAP7dO03gCLcBGAs/s72-c/What%2Bis%2BGDP_%2BDifference%2BBetween%2BGDP%2BVs%2BGNI.png
RahulLearningBox: How to Do Stuff, Earn Online & more
http://www.rahullearningbox.com/2019/09/Gross-domestic-products.html
http://www.rahullearningbox.com/
http://www.rahullearningbox.com/
http://www.rahullearningbox.com/2019/09/Gross-domestic-products.html
true
4523154624741130091
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Text Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy