Lesson: National Income Economics

In this lesson, we will learn how to identify the gross national income (GNI) and the gross domestic product (GDP) as measures of national income and three different ways of measuring them.

Lesson Plan

Students will be able to

  • know various constituents of GNI and GDP and understand GNI and GDP as measures of national income,
  • understand the difference between money (nominal) GNI and GDP and real GNI and GDP,
  • understand the following ways of measuring GNI/GDP: the output measure (production measure), the income method, and the expenditure method,
  • understand the relationship between national income, saving, consumption, and investment,
  • understand how per capita GNI/GDP is computed.

Nagwa uses cookies to ensure you get the best experience on our website. Learn more about our Privacy Policy.