Is GDP the same as National income?
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yes. A country's gross domestic product, or GDP, is one of several measures of the size of its economy. The GDP is defined as the market value of all final goods and services produced within a country in a given period of time. Until the 1980s the term GNP or gross national product was used. The two terms GDP and GNP are almost identical. The most common approach to measuring and understanding GDP is the expenditure method:\n\n    GDP = consumption + investment + government spending + (exports − imports) \n\nMeasures of national income and output are used in economics to estimate the value of goods and services produced in an economy. They use a system of national accounts or national accounting first developed during the 1940s. Some of the more common measures are Gross National Product (GNP), Gross Domestic Product (GDP), Gross National Income (GNI), Net National Product (NNP), and Net National Income (NNI). Formerly in the Soviet Union and its satellite states COMECON, Net Material Product (NMI) was estimated (NNP-Services). In relation to greening the national accounts the United States Congressional Budget Office concludes "a gradual process of modifying measures of national economic performance is consistent with the history and development of the national accounts.
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GROSS DOMESTIC PRODUCT
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net income includes depreciation, taxes and interest.  It also includes one-off events which won't necessarily happen again.  These are not legitimate predictors for future success nor basis of comparison to other similar business.\n\nSo analysts look at EBITDA, meaning Earnings Before Income Taxes and Depreciation allowances and then discount one-offs.
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no not at all.  First of all national deficit is the sum of all deficits including your credit card and national spending.  Secondly national income is the income that comes in not only from tax, tariffs, savings, etc but also from buying and selling of goods abroad in the name of the US government.  \n\nI could go on and on but the key here is that national income is not easy to calculate.  There are hidden / undisclosed accountants that are not publicized and despite what people say, it is still a part of the national income.   When you add all that up, the income is actually a debt. LOL and you owe the government thousands of dollars.   \n\nSorry for the complicated and bad news. LOL
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Net National Product (NNP) is the total market value of all final goods and services produced by citizens of an economy during a given period of time (Gross National Product or GNP) minus depreciation.\n\nDepreciation (also known as consumption of fixed capital) measures the amount of GNP that must be spent on new capital goods to maintain the existing physical capital stock.\n\nNNP is the amount of goods in a given year which can be consumed without reducing the amount which can be consumed in the future. Setting part of NNP aside for investment permits the growth of the capital stock (see economic growth and capital formation), and the consumption of more goods in the future.\n\nNNP can also be expressed as total compensation of employees + net indirect tax paid on current production + operating surplus.
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GDP is Gross Domestic Product and is the total out put within the borders of the country- GNP is the Gross National Product and is the total out put of all the producers owned by the country.
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I think that aswell as the above comments, it also depends on taxes. Take here for example (UK) our government taxes us on everything!
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GDP per capita is adjusted for population. There's no GDP measure that's adjusted for population growth
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Well, GDP is Gross Domestic Product meaning the worth of the nation in proportion to the number of citizens in the nation. The economy has a direct relation to the GDP because if the economy does well and continues to grow (not necessarily inflation) then the country will continually to get more money meaning that if it were spread evenly throughout the population, each person would have more and more. I hope this helps you. It's kind of hard to explain.
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the full form of g.d.p is gross domestic product
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It is best that you look at the data to see how the GDP for each country has changed over the years. Here are some tables showing the GDP of various countries through the years\n\nOECD member countries - 2000-2005 GDP\nhttp://www.oecd.org/dataoecd/48/4/33727936.pdf\n\nUnited Nations Statistics - GDP statistics per UN member country from 1970-2005 broken down by various GDP components:\n \nFinal consumption expenditure\nHousehold consumption expenditure\nGeneral government final consumption expenditure\nGross capital formation\nGross fixed capital formation\nExports of goods and services\nImports of goods and services\nGDP by expenditure\nAgriculture, hunting, forestry, fishing\nMining, Manufacturing, Utilities\nConstruction\nWholesale, retail trade, restaurants and hotels\nTransport, storage and communication\nOther Activities\nValue added\n\nhttp://unstats.un.org/unsd/snaama/downloads/GDPcurrentNC-countries.xls
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The same as most Countries.
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One is a country and the other is an economy?
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Real GDP per capita is a better measure. That is GDP adjusted for price changes and divided by the population. There are still problems with this measure, however, as it does not tell you anything about the distribution of income. The GINI index can be used for this. Also GDP does not take into account such things as the underground economy, illicit activity, leisure, pollution, hours worked, congestion etc.\n\nHaving said this, real GDP per capita is the best measure we have.
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Spain has the world's 10th largest GDP with $651 billion. Mexico is actually number 11, with $578 billion. However, in terms of GDP per capita, Spain is much higher than Mexico $16,000 vs. $6,000. \n\nIn short both countries are very close in terms of their economies; however, the similarities are deceptive because the standard of living is much higher in Spain.
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They ain't the same thing but there is a set minimum amount the government set for someone to live on.. So the amount of money payable should be the same. To top up any income already received  to that minimum amount... Hope that makes sense.
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No it is consider income.