What is the difference between NDP Per Capita and NNP Per Capita?

Question

Question

business economics

Answer 1

Answer #1

While NDP Per Capita takes care of a geogaphical boundary while calculating total output of goods and services,

NNP includes NDP plus the production of goods and services of local citizens abroad,

Thus NNP = NDP + It's income from Abroad

Now for per capita, NDP includes local population, NNP takes the population plus the local nationals on foreign lands

Answer 2

Similar Homework Help Questions

Calculate GDP per capita growth rate. Is there a big difference between GDP growth rate and...

Calculate GDP per capita growth rate. Is there a big difference between GDP growth rate and GDP per capita growth rate? Can you offer some explanations why they stay approximately the same and why they change from the information you have? (hint: check the difference in terms of real GDP vs real GDP per capita) Identify whether the country has experienced business cycle changes in the past 10 years combined your information from GDP or GDP per capita growth rate,...
Define and explain the difference between “gross” GDP and “per capita” GDP. Which is a better indicator? Which is a bett...

Define and explain the difference between “gross” GDP and “per capita” GDP. Which is a better indicator? Which is a better indicator of “income” strength in an economy? Why?
Many people use per capita GDP – GDP divided by the population in a country –...

Many people use per capita GDP – GDP divided by the population in a country – to compare the level of development and average living standards in countries. This is measured in dollars to make comparison possible. What is the difference between the nominal per capita GDP and PPP per capita GDP. If PPP per capita GDP is higher than the nominal number, does this imply that a country’s currency is over- or under-valued.

Between the mid 1980s and the end of the 1990s: a) EU per capita incomes at...

Between the mid 1980s and the end of the 1990s: a) EU per capita incomes at the national level diverged. b) EU per capita incomes at the national level diverged, but the per capita incomes at the sub-national levels converged. c) EU per capita income distribution did not change much. d) EU per capita incomes at the national level converged, but per capita incomes at the sub-national levels diverged.
The GDP per capita (USD PPP) in 2014 for the UK and France were similar. The...

The GDP per capita (USD PPP) in 2014 for the UK and France were similar. The UK’s GDP per capita was 39225 and France’s was 38869. However, the average number of hours worked in the UK was 1677 whereas in France it was 1473, a difference of over 200 hours annually. What might explain these differences in hours of work between these two countries?
Does the relationship between the initial level of real GDP per capita and the growth in...

Does the relationship between the initial level of real GDP per capita and the growth in real GDP per capita for The United States, Western Europe, Canada, and Japan from 1990 to 2014 support the catch-up hypothesis? Question 22 (1 point) Does the relations hip between the ini tial level of real GDP per capita and the growth in real GDP per capita for The United S tates, Western Europe, Canada, and Japan from 1990 to 2014 support the catch-...

What is the relationship between a country’s capital‐labour ratio and its per capita GDP? Could you...

What is the relationship between a country’s capital‐labour ratio and its per capita GDP? Could you please give me some examples to explain that?
What is the difference between traditional fee for service and managed care? Describe the positive and...

What is the difference between traditional fee for service and managed care? Describe the positive and negative effects of a system of prospective reimbursements of health care providers, i.e. a capitation or fixed payment per capita system.
The annual per capita consumption of bottled water was 34.8 gallons. Assume that the per capita...

The annual per capita consumption of bottled water was 34.8 gallons. Assume that the per capita consumption of bottled water is approximately normally distributed with a mean of 34.8 and a standard deviation of 13 gallons. What is the probability that someone consumed more than 45 gallons of bottled water? What is the probability that someone consumed between 20 and 30 gallons of bottled water? What is the probability that someone consumed less than 20 gallons of bottled water? 97.5%...

per capita birth rate: .49 per capita death rate: .29 Per capita rate of increase (R)...

per capita birth rate: .49 per capita death rate: .29 Per capita rate of increase (R) .2 (below) generation and population at generation 0.) 10 1.) 12 2.) 14.4 3.) 17.28 4.) 20.73 5.) 24.88 6.) 29.85 7.) 35.83 8.) 42.99 9.) 51.59 10.) 61.91 Considering these values, if ten individuals of that population migrated into a new habitat that had a carrying capacity (K) of 100.... a. what would the per capita rate of increase be at K? b....