Grross National Product-GNP
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. For example, the profits earned by the Korean - owned Hyundai car factory will have to be subtracted from the GDP of India. The macroeconomic variable which takes into account such additions and subtractions is known as Gross National Product (GNP). It is,therefore, defined as follows.
GNP = GDP + Factor income earned by the domestic factors of production employed in the rest of the world - Factor income earned by the factors of production o the rest of the world employed in the domestic economy.
Hence,
GNP = GDP + Net factor income from abroad
When depreciation is subtracted from GDP, it is called ____________ | |||
| Right Option : C | |||
| View Explanation | |||
Students / Parents Reviews [10]
My experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Hiya Gupta
8thIt was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
Cheshta
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Prisha Gupta
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Om Umang
10thAbout Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
Shreya Shrivastava
8thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
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Ayan Ghosh
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Eshan Arora
8thMy experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.
