Pambansang Kita 3rd q

• Pambansang Kita:

  • Intermediate goods
  • Finished product
  • Gross National Income
• Gross National Income (GNI) is the value of products and services produced by a country's citizens
• Gross Domestic Product (GDP) is the value of all finished products and services made within a country, including foreign earnings
• GDP does not include:

  • Underground economy
  • Second-hand products
• Ways to compute GNI:

  1. Income Approach:

  • GNI = EC + EI + CI + G
  • EC: Employees Compensation
  • EI: Entrepreneurial Income
  • CI: Corporate Income
  • G: Government Income
• Ways to compute GNI:

  3. Industrial Origin (Value-Added) Approach:

  • GNI = AGRICULTURE + INDUSTRY + SERVICES + NFIA
  • GNI = GDP + NFIA