This diagram illustrates the different components in the nation’s economic transactions that are measured by gross domestic product (GDP), gross national expenditure (GNE) and gross national disposable income (GNDI). Each measures a different phase of economic transactions – GDP measures production, GNE measures demand or spending, and GNDI measures income. The other difference is that GDP confines itself to domestic production, while GNE includes spending within New Zealand on goods produced overseas, and GNDI includes income flows with the rest of the world.
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