National income Flashcards

1
Q

GDP

A

Output

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2
Q

GNP

A

Output+ (net property income from abroad)

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3
Q

NI

A

Output+ (net property income-capital depreciation)

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4
Q

HDI

A

Education, income and LE

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5
Q

PPP

A

Purchasing power parity

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6
Q

ISEW

A

Index of sustainable economic welfare (accounts for inequality, environment and future depreciation of capital)

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7
Q

Which country has 8th largest HDI

A

USA

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