Discussion Question Lecture 10 -- Chpt 8

Discuss the difference between Gross National Product, Net National Product, and Adjusted Net National Product. Include a formula showing the relationship between these measures.

What are satellite accounts? What are the main advantages of using satellite accounts instead of measures such as Adjusted Net National Product or the Index of Sustainable Economic Welfare?

Take a Position: Which national accounting alternative discussed in the chapter do you think is "best"? Why? What are the problems you see with the others?