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Gross National Product is obtained from the Gross Domestic Product by adjusting it for
- a)Net Indirect taxes
- b)Depreciation
- c)Inflation
- d)Net factor income from abroad
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Gross National Product is obtained from the Gross Domestic Product by...
Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location.
It is 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 of the rest of the world employed in the domestic economy.
- Hence, GNP = GDP + Net factor income from abroad (Net factor income from abroad = Factor income earned by the domestic factors of production employed in the rest of the world – Factor income earned by the factors of production of the rest of the world employed in the domestic economy).
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Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer?
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Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer?.
Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Gross National Product is obtained from the Gross Domestic Product by adjusting it fora)Net Indirect taxesb)Depreciationc)Inflationd)Net factor income from abroadCorrect answer is option 'D'. Can you explain this answer?.
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