Image resolution is the total pixel size of a bitmap image. For example, 720 x 486 for NTSC video output. Display resolution is the number of pixels in 1 inch on the screen. Display resolution is measured in pixels per inch (ppi). Most monitors have a display resolution of about 72 ppi. If your output is for print, consider a display resolution of around 300 ppi.
To set the pixel aspect ratio, see Set the resolution and pixel aspect ratio.