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What is Gross National Product (GNP)?
  • a)
    The total value of all goods and services produced domestically in a year.
  • b)
    The total value of all goods and services produced within the domestic territory and abroad.
  • c)
    The total factor income earned by residents from abroad.
  • d)
    The total value of intermediate goods produced within the country.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is Gross National Product (GNP)?a)The total value of all goods an...
The correct answer is Option B. Gross National Product (GNP) includes both the Gross Domestic Product (GDP) of a country and the net factor income from abroad (NFIA). It represents the total value of all goods and services produced within the domestic territory and abroad.
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What is Gross National Product (GNP)?a)The total value of all goods and services produced domestically in a year.b)The total value of all goods and services produced within the domestic territory and abroad.c)The total factor income earned by residents from abroad.d)The total value of intermediate goods produced within the country.Correct answer is option 'B'. Can you explain this answer?
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What is Gross National Product (GNP)?a)The total value of all goods and services produced domestically in a year.b)The total value of all goods and services produced within the domestic territory and abroad.c)The total factor income earned by residents from abroad.d)The total value of intermediate goods produced within the country.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is Gross National Product (GNP)?a)The total value of all goods and services produced domestically in a year.b)The total value of all goods and services produced within the domestic territory and abroad.c)The total factor income earned by residents from abroad.d)The total value of intermediate goods produced within the country.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is Gross National Product (GNP)?a)The total value of all goods and services produced domestically in a year.b)The total value of all goods and services produced within the domestic territory and abroad.c)The total factor income earned by residents from abroad.d)The total value of intermediate goods produced within the country.Correct answer is option 'B'. Can you explain this answer?.
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