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1. Gross domestic product (GDP) measures the total income of everyone in the economy.

It is the total
income earned domestically. It includes income earned by foreigners domestically, but it does not
include incomes earned by residents abroad.

Gross national income (GNP) is the total income earned by nationals. It includes the income that
nationals earn abroad, but it does not include the income earned within a country by foreigners.

http://www.economicsdiscussion.net/difference-between/gross-domestic-product-and-gross-national-
income/11302

2.

a. The Expenditure Approach is a method of measuring GDP by calculating all spending throughout the
economy including consumer consumption, investing, government spending, and net exports. In other
words, this method measures what our country produces by assuming that the finished goods and
services of a country equals the amount spent in the country for that time period.

https://www.myaccountingcourse.com/accounting-dictionary/expenditure-approach

b. The industrial origin approach is an approach to computing a nation's GNP based on adding up the
gross value of primary, secondary and tertiary industries. These industries are agricultural,
manufacturing and service.

https://www.reference.com/business-finance/industrial-origin-approach-b47477a93e7a96

c. The income approach to measuring gross domestic product (GDP) is based on the accounting reality
that all expenditures in an economy should equal the total income generated by the production of all
economic goods and services.

https://www.investopedia.com/ask/answers/070715/how-do-you-calculate-gdp-income-approach.asp

3.

a. https://psa.gov.ph/nap-press-release/node/145079

b. https://psa.gov.ph/nap-press-release/node/144585

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