Government SSC Economy Question: Download Government SSC Economy PDF
What are some of the things required for computing Gross National Product (GNP)?
Answer:
GNP is defined as the total value of all goods and
services produced by firms owned by the country concerned.
It is measured as the gross domestic product plus income
earned by domestic residents from foreign investments,
minus income earned during the same period by foreign
investors in the country's domestic market. GNP does not
allow for inflation or for the overall value of production.
It is an important indicator of an economy's strength
services produced by firms owned by the country concerned.
It is measured as the gross domestic product plus income
earned by domestic residents from foreign investments,
minus income earned during the same period by foreign
investors in the country's domestic market. GNP does not
allow for inflation or for the overall value of production.
It is an important indicator of an economy's strength
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