Talk:Measures of national income and output/Archive 1

Archive 1

Attain GA Status

This article is quite important, as it's arguably one of the most important articles out of macroeconomics, as it's the basis of it. So please contribute, and if there are any areas of improvement that you can't be bothered to fix, just post here. Also, I think the importance should be lifted to "high" - Bonzai273 (talk) 04:00, 2 June 2008 (UTC)

Definition of GNP

Is GNP {GDP + income from overseas nationals} or {GDP + income from overseas nationals - income from foreigners within nation}? (Bonzai273 (talk) 04:24, 6 May 2008 (UTC))

GNP is (to quote) "Gross National Income (GNI) comprises the total value produced within a country (i.e. its Gross Domestic Product), together with its income received from other countries (notably interest and dividends), less similar payments made to other countries.") Yves (talk) 02:04, 3 March 2009 (UTC)

"NFIA"?

What is NFIA? We need to define this. —Preceding unsigned comment added by 219.83.0.33 (talk) 15:46, 22 May 2008 (UTC)

I figured it out. It's "Net Factor Income from Abroad"(Bonzai273 (talk) 15:07, 31 May 2008 (UTC))

Title

This title should be changed to "Measures of national income", as income is the same as output on a macroeconomic scale (Bonzai273 (talk) 15:09, 31 May 2008 (UTC))

On the other hand, it could be argued that the title should be "Measures of national product, income and output." I don't see the basis for choosing just one – or two, as the title presently uses. Ong saluri (talk) 23:27, 5 November 2009 (UTC)

Welfare

Pro statements should be added, instead of just cons, as GDP actually is quite a good measurement of welfare, whilst that section makes it seem bad. - Bonzai273 (talk) 03:52, 2 June 2008 (UTC)

Article contains error

In the section

http://en.wikipedia.org/wiki/Measures_of_national_income_and_output#GDP_vs._GNP

It states:

"Gross domestic product (GDP) is defined as the "Value of all final goods and services produced in a country in 1 year"."

However, the cited reference states:

"Value of all goods and services produced in a country in one year."

There is a difference between these two statements. The total supply of goods produced in one year includes capital goods, or gross investment. The word "final" in "final goods" only refers to consumer goods.

The citation includes capital goods, but the wiki does not. —Preceding unsigned comment added by Katpoop10 (talk • contribs) 15:27, 13 July 2009 (UTC)

Actually, capital goods are considered final consumption as long as they are not usede up within the accounting year they are purchased in. So it is correct that GDP is the value of final goods and services. Ong saluri (talk) 23:27, 5 November 2009 (UTC)

List to compare countries?

Is there a list on Wikipedia to compare the countries? --92.74.31.46 (talk) 21:14, 26 September 2009 (UTC)

Did you do a search? It's not difficult. You type words into that rectangle at the top of the page and press "Go." SweetNightmares (talk) 07:23, 4 December 2009 (UTC)