Answers

Question and Answer:

  Home  Government SSC Economy

⟩ What are some of the things required for computing Gross National Product (GNP)?

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

 147 views

More Questions for you: