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what is real national income?how it is differ from GDP and GNP????? plz help what is real national income?how it is differ from GDP and GNP????? plz help

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Old Sunday, September 01, 2013
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Default what is real national income?how it is differ from GDP and GNP????? plz help
All members...

plz tell what is real national income.....i know what is GDP and GNP....how these terms differ from real national income...

waiting for kind replies....

regrds
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while waiting for the replies,please elaborate GDP and especially GNP also for the students like me..
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GDP is the gross domestic product. It is the total value of goods and services produced within an economy in a year.

GNP (gross national product) is the total value of goods and services produced by the nationals of a country in year. So the GNP of Pakistan will include the value of goods and services produced by a Pakistani company in Japan but it will not include the value of goods produced by a Japanese company in Pakistan.

GNP = GDP - (value of income from foreign assets) + (value of income from local assets that are abroad)

Hope that clears the concept.
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Real national income is income adjusted for inflation. It can happen that a country produces the same amount of output as it did last year but its GDP increases due to an increase in the prices of that goods. Real national income will take into consideration the change in prices and hence will reflect the true picture of change in output.
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Quote:
Originally Posted by Hifsa Iqbal View Post
while waiting for the replies,please elaborate GDP and especially GNP also for the students like me..
shahryar has defined it very well in previouse posts....
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Old Sunday, September 08, 2013
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Default Plz answer under mentioned questions
what is current GDP rate(in percentage)of pakistan?????

What is current GNP rate of pakistan??????

what is inflation rate of pakistan?????

which source more contributed in GDP of pakistan??????
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Old Sunday, September 08, 2013
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the economic survey of Pakistan has given provisional data for nine months ending in march 2013. the provisional data is as:
GDP RS 22,909 BILLION
REAL GDP GROWTH RATE 3.6 %
AGRICULTURE 21.4% OF GDP with a GROWTH RATE OF 3.3%
INDUSTRY 20.9 % AT 3.5 % GROWTH RATE
SERVICES SECTOR 57.7 % AT 3.7 %
INFLATION RATE 7.8 %
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Quote:
Originally Posted by waqas izhar View Post
the economic survey of Pakistan has given provisional data for nine months ending in march 2013. the provisional data is as:
GDP RS 22,909 BILLION
REAL GDP GROWTH RATE 3.6 %
AGRICULTURE 21.4% OF GDP with a GROWTH RATE OF 3.3%
INDUSTRY 20.9 % AT 3.5 % GROWTH RATE
SERVICES SECTOR 57.7 % AT 3.7 %
INFLATION RATE 7.8 %
from which website you get this information.....plz give link here....
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Old Wednesday, September 11, 2013
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Default economic survey of pakistan 2012 13
search it and download it... get an old economic survey from a library and learn how to extract information out of it then use the esp 12-13 sir
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