What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the countrys factors of production irrespective of their location.d)None of theseCorrect answer is option 'C'. Can you explain this answer?

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What is the value of GNP

a)
Value of all intermediate goods and services produced by the residents of a nation
b)
Value of all final goods and services produced within the domestic territory
c)
Value of all final goods and services produced by the country's factors of production irrespective of their location.
d)
None of these

Correct answer is option 'C'. Can you explain this answer?

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What is the value of GNPa)Value of all intermediate goods and services...

GNP means gross national product. it is clear that it is on national level and a nation's resident should be included only. A another word is GDP it is gross domestic product. It includes every Product that has been made in our country it does not matter that who has made it resident or non resident.

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What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the countrys factors of production irrespective of their location.d)None of theseCorrect answer is option 'C'. Can you explain this answer?

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What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the countrys factors of production irrespective of their location.d)None of theseCorrect answer is option 'C'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the countrys factors of production irrespective of their location.d)None of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the countrys factors of production irrespective of their location.d)None of theseCorrect answer is option 'C'. Can you explain this answer?.

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