WAEC - Economics (2012 - No. 34)
The national income is the
Gross Domestic Product at market prices
Gross National product at factor cost
Net National Product at factor cost
Net National Product at market prices
Forklaring
The gross national income (GNI), previously known as gross national product (GNP), is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product (GDP), plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents