3.1.2—GDP and GNI Topic Practice
3.1.2—GDP and GNI Topic Practice
Students practise calculating GDP and GNI from raw national accounts data—including net factor income—and distinguishing between domestic and national measures.
How this is tested
- calculate GNI using GDP plus net factor income from abroad, with data presented in tables requiring unit
- distinguish GDP from GNI by identifying whether foreign-owned firms’ profits earned domestically (GDP)
- convert nominal GDP to USD using table exchange rates, then apply the method to GNI