The GDP calculation accounts for spending on both ... All of these make up the national income. This approach is complicated ...

GNI (Gross National Income) is a metric similar to GNP since ... GNI uses the income approach whereas GNP uses the production approach to calculate GDP. Both GNP and GNI should theoretically ...

Gross National Product is distinguished from ... There are three approaches to GDP computation: Income approach: This is the sum of all income earned by partakers in economic activities over ...