Gross National Product-GNP


 
 
Concept Explanation
 

Gross National Product - GNP

But the whole of it may not accrue to the citizens of the country. For example, a citizen of India working in United States may be earning her wage and it will be included in the United States GDP. But legally speaking, she is an Indian. When we try to compensate this, in order to maintain symmetry, we must deduct the earnings of the foreigners who are working within our domestic economy, or the payments to the factors of production owned by the foreigners.

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