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Select the concept of Net Product?
(1) Gross National Product (G.N.P)
(2) Net National Product (N.N.P)
(3) Gross Domestic Product (G. D.P )
(4) Net Domestic Product(NDP)
  • a)
    2 only
  • b)
    1, 2, 3 only
  • c)
    2, 4 only
  • d)
    1, 3
  • e)
    None of the above / more than one of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Select the concept of Net Product?(1) Gross National Product (G.N.P)(2...
  • The correct option is only 2,4.
IMPORTANT FACTS
  • Receipt of net product comes after deducting depreciation
  • NNP = GNP- Depreciation
  • In GDP depreciation is already included
  • When we subtract depreciation from GDP we get the result of NDP (Net Domestic Product)
  • Gross Domestic Product or GDP is the total value of all final goods and services produced in a country within a given year.
  • Gross National Product (GNP) in an economy is the income that is obtained by adding foreign income to GDP. It also includes economic activities that take place outside the country's borders.
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Community Answer
Select the concept of Net Product?(1) Gross National Product (G.N.P)(2...
  • The correct option is only 2,4.
IMPORTANT FACTS
  • Receipt of net product comes after deducting depreciation
  • NNP = GNP- Depreciation
  • In GDP depreciation is already included
  • When we subtract depreciation from GDP we get the result of NDP (Net Domestic Product)
  • Gross Domestic Product or GDP is the total value of all final goods and services produced in a country within a given year.
  • Gross National Product (GNP) in an economy is the income that is obtained by adding foreign income to GDP. It also includes economic activities that take place outside the country's borders.
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Select the concept of Net Product?(1) Gross National Product (G.N.P)(2) Net National Product (N.N.P)(3) Gross Domestic Product (G. D.P )(4) Net Domestic Product(NDP)a)2 onlyb)1, 2, 3 onlyc)2, 4 onlyd)1, 3e)None of the above / more than one of the aboveCorrect answer is option 'C'. Can you explain this answer?
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Select the concept of Net Product?(1) Gross National Product (G.N.P)(2) Net National Product (N.N.P)(3) Gross Domestic Product (G. D.P )(4) Net Domestic Product(NDP)a)2 onlyb)1, 2, 3 onlyc)2, 4 onlyd)1, 3e)None of the above / more than one of the aboveCorrect answer is option 'C'. Can you explain this answer? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about Select the concept of Net Product?(1) Gross National Product (G.N.P)(2) Net National Product (N.N.P)(3) Gross Domestic Product (G. D.P )(4) Net Domestic Product(NDP)a)2 onlyb)1, 2, 3 onlyc)2, 4 onlyd)1, 3e)None of the above / more than one of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Select the concept of Net Product?(1) Gross National Product (G.N.P)(2) Net National Product (N.N.P)(3) Gross Domestic Product (G. D.P )(4) Net Domestic Product(NDP)a)2 onlyb)1, 2, 3 onlyc)2, 4 onlyd)1, 3e)None of the above / more than one of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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