What are some of the things required for computing Gross
National Product (GNP)?
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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
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / mythily
Net foreign investment, private investment and purchase of
goods by government.
| Is This Answer Correct ? | 8 Yes | 5 No |
Answer / biraj dey
G N P includes only current produced goods service in a year
| Is This Answer Correct ? | 1 Yes | 4 No |
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What are some of the things required for computing Gross National Product (GNP)?
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