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Gross National Product (GNP) is
  • a)
    GDP – Net factor income from abroad
  • b)
    GDP + Net factor income from abroad
  • c)
    GDP + depreciation
  • d)
    GDP – depreciation
Correct answer is option 'B'. Can you explain this answer?
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Gross National Product (GNP) isa)GDP – Net factor income from ab...
Gross National Product (GNP) is a measure of the total value of all goods and services produced by the residents of a country, including those produced abroad. It includes both the domestic production within a country's borders (Gross Domestic Product - GDP) and the income earned by a country's residents from investments or work abroad.
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Gross National Product (GNP) isa)GDP – Net factor income from ab...
Gross National Product (GNP) is the total value of goods and services produced by the people of a country in a given year. It is not territory specific.
GNP = GDP + Net Factor Income from Abroad (NFIA) 
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