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Zara Khan

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· 1 Months ago

Difficult (Question: 108709.0 )

Yo, It's like UPSC level. You feel me?!

Question:
GNP = ?
Options:
A) GDP + income of residents made abroad – income earned by foreigners in domestic market.
B) GDP - income of residents made broad + income earned by foreigners in domestic market.
C) GDP - depreciation
D) NNP - depreciation
E) None of these
Solution:

Ans: (a) Gross National Product is the Gross Domestic Product plus income of residents from investment made abroad minus income earned by foreigners in domestic market.

And GNP = NNP + depreciation

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