1. Give two examples of business or income measured by Gross National Income.
2. Why is it important to know the national income of a country?
3. Give two examples of business or profitability measured by Gross Domestic Product.
patulong please:))
2. Why is it important to know the national income of a country?
3. Give two examples of business or profitability measured by Gross Domestic Product.
patulong please:))
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Answer:
1.
-wages salary
-property income
2.Setting Economic Policy- National Income indicates the status of the economy and can give a clear picture of the countries economic growth. National Income statistics can help economist in formulating economic policies for economic development.
3.
-vehicles
-agricultural product
-machinery etc.
as well as the provision of services like healthcare, business consultancy, and education. GNP also includes taxes and depreciation
Explanation: