What are the components of gross national product

Reference no: EM13200576

What are the components of Gross National Product ( GNP )? How does it understate aggregate production in Third World countries where substantial economic production may be consumed directly and thus not reach markets where it can be measured? Finally, is per capita income (PCI) a good measure of level of living people enjoy or are the data skewed, given substantial differences in the distribution of income especially in Third World countries?

Just a simple write up. 100 words

Reference no: EM13200576

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