Sánchez, Ormazabal; Mirena, Kepa - Departamento de Economía Aplicada III (Econometría y … - 2002
In this paper I critically analyze the relationship that professors Dornbusch and Fischer establish among the concepts of GNP, NNP and aggregate income. In principle, aggregate income is NNP; indeed, the whole point of introducing the concept of NNP is to determine what is the income of the...