What are GDP and National Accounts? Interactive Course Preview

Our GDP and National Accounts Course will help you better understand the different kinds of national accounts. A nation's economic activity can be divided into the gross national product and national income. National income can be measured at a factored cost and earnings of property and labor, which happens to arise in a nation’s current production of services and goods. The GDP, otherwise known as the gross national product is the overall market value of services and goods. This is before the deduction of depreciation charges and any other allowances for capital goods. These specific basic measures are distinguished by terms like “NI,” which means “factor cost of national income" and the “GDP”, which "market price national income." At the end of very chapter in the GDP and National Accounts Course, you will be prompted with quizzes that will test your knowledge and help you better retain what you just learned.
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