Unit 3.1 · Measuring Economic Activity and Illustrating Its Variations
Calculation: Nominal GNI
AO2AO4
Syllabus Requirement
Students must calculate GNI by adjusting GDP with net income from abroad (factor income). Nominal GNI = Nominal GDP + (Factor income received from abroad – Factor income paid abroad)
Assessment Objectives
AO2Application and Analysis
AO4Use of Appropriate Skills
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