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 GNP = GDP + _____________.
  • a)
    Depreciation
  • b)
    N.F.I.A
  • c)
    N.I.T
  • d)
    None of the above
Correct answer is option 'B'. Can you explain this answer?
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GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the ...
Gross National Product (GNP) is defined as the total market value of all final goods and services produced in a country during a specific period of time, usually one year. It measures the output generated by a country’s organizations located domestically or abroad.

Therefore, it can be said that national income is the measure of the current output of economic activity of the country. In GNP, the word gross indicates total national product including depreciation. Depreciation indicates a decrease in the value of an asset with time. It is also called consumption of fixed capital.

The GNP can be calculated with the help of the following formula:

GNP = GDP + Net Factor Income from Abroad (NFIA)

GNP includes the income earned by local players in abroad and excludes the income earned by foreign players in national boundaries. On the other hand, in case of GDP, it is reversed because the income earned by foreign players in national boundaries is added and the income earned by local players in abroad is deducted.
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GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the ...
NFIA
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GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for GNP = GDP + _____________.a)Depreciationb)N.F.I.Ac)N.I.Td)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
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