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Can the gross domestic product be greater than the gross national product?
  • a)
    No
  • b)
    Never
  • c)
    Yes
  • d)
    Can’t say
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Can the gross domestic product be greater than the gross national prod...
Yes, it is possible for GDP to be higher than GNP and it is also possible for GNP to be higher than GDP. GNP greater than GDP is best for a country because it means that the population of that country will have a greater total income (i.e. total output) than if GDP was greater than GNP.
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Can the gross domestic product be greater than the gross national prod...
Yes, OPTION ( C ) WE KNOW THAT , GDP + NFIA = GNP IF NFIA is negative ( i.e. net factor income from abroad is less than net factor income to abroad ) , then GDP can be greater than GNP. I praise your desire to know this Question. Hope you will be helped.
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Direction: Read the below case and answer the questions that follow:The country’s real gross domestic product (GDP) is likely to expand by 11 percent in the next financial year due to a faster economic recovery and on a low base, says a report. The report by domestic rating agency Brickwork Ratings said economic activities are slowly reaching Pre-COVID levels following the relaxation of the lockdown, except in sectors that remain affected by social distancing norms.“With progress in developing an effective vaccine for COVID-19 and signals of faster-than-expected recovery in the domestic economy, and also supported by a low base, we expect the real GDP to grow at 11 percent in F/Y 22, from the estimated contraction of 7 percent to 7.5 percent in F/Y 21,” the agency said.According to the first advance estimates of national income released by the National Statistical Office (NSO), the country’s GDP is estimated to contract by a record 7.7 percent during the current financial year.Choose one of the correct alternatives given below:Assertion (

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Can the gross domestic product be greater than the gross national product?a)Nob)Neverc)Yesd)Can’t sayCorrect answer is option 'C'. Can you explain this answer?
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