Introduces the concept of national accounts. This note: 1) defines GDP and provides examples, 2) describe the differences between GDP and GNP, 3) represents both the expenditure and revenue decompositions of GDP and 4) defines the relationships between net savings, net exports and the fiscal debate.

Introduces the concept of national accounts. This note: 1) defines GDP and provides examples, 2) describe the differences between GDP and GNP, 3) represents both the expenditure and revenue decompositions of GDP and 4) defines the relationships between net savings, net exports and the fiscal debate.
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Robert E. Kennedy
7 pages.
Publication Date: Nov 15, 1996. Prod #: 797 075 PDF-ENG
National Accounts HBR case solution