Bank Exams Exam > Bank Exams Videos > Indian Economy for Government Exams (Hindi) > National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams
FAQs on National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture - Indian Economy for Government Exams (Hindi) - Bank Exams
| 1. What is the difference between GDP and GNP? |  |
Ans. GDP (Gross Domestic Product) measures the total value of goods and services produced within a country's borders, regardless of who owns the productive assets. On the other hand, GNP (Gross National Product) measures the total value of goods and services produced by the residents of a country, whether they are located within the country's borders or abroad.
| 2. What is NDP and how is it different from GDP? | |
Ans. NDP (Net Domestic Product) is obtained by subtracting depreciation from GDP. Depreciation represents the wear and tear of capital goods over time. So, NDP gives a more accurate measure of the net production within a country, as it adjusts for the value lost due to depreciation.
| 3. What is NNP and why is it important? | |
Ans. NNP (Net National Product) is obtained by further subtracting indirect taxes and adding subsidies to NDP. It provides a measure of the net income generated by a country's residents after accounting for indirect taxes and subsidies. NNP is important as it reflects the income available to the nationals of a country for consumption and saving.
| 4. How are GDP and GNP calculated? | |
Ans. GDP is calculated by summing up the value of all final goods and services produced within a country's borders in a given period. It can be calculated using the expenditure approach, income approach, or production approach. GNP, on the other hand, is calculated by adding the income earned by a country's residents abroad and subtracting the income earned by foreign residents within the country.
| 5. Why do economists use national income measures like GDP and GNP? | |
Ans. Economists use national income measures like GDP and GNP to assess the economic performance and well-being of a country. These measures provide a snapshot of the size and growth of an economy, its production capacity, income distribution, and standard of living. They help policymakers make informed decisions, analyze economic trends, and compare the economic performance of different countries.
Related Exams
About this Video
|
4.81/5 Rating |
|
Nov 21, 2024 Last updated |
Video Description: National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics for Bank Exams 2024 is part of Indian Economy for Government Exams (Hindi) preparation.
The notes and questions for National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics have been prepared according to the Bank Exams exam syllabus.
Information about National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics covers all important topics for Bank Exams 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics.
Introduction of National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics in English is available as part of our Indian Economy for Government Exams (Hindi) for Bank Exams & National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics in
Hindi for Indian Economy for Government Exams (Hindi) course. Download more important topics related with notes, lectures and mock test series for
Bank Exams Exam by signing up for free.
Description
Video Lecture & Questions for National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams - Bank Exams full syllabus preparation | Free video for Bank Exams exam to prepare for Indian Economy for Government Exams (Hindi).
Information about National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics
Here you can find the meaning of National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics defined & explained in the simplest way possible.
Besides explaining types of National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics theory, EduRev gives you an ample number of questions to practice National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics tests,
examples and also practice Bank Exams tests.
|
Explore Courses for Bank Exams exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Important questions
,mock tests for examination
,National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams
,Semester Notes
,practice quizzes
,National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams
,study material
,Exam
,Sample Paper
,Summary
,National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics Video Lecture | Indian Economy for Government Exams (Hindi) - Bank Exams
,shortcuts and tricks
,MCQs
,Extra Questions
,Viva Questions
,ppt
,Previous Year Questions with Solutions
,video lectures
,past year papers
,Free
,Objective type Questions
;
Study National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics on the App
Students of Bank Exams can study National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of National income - GDP GNP NDP NNP Explained - Indian Economy Part 11 - Concepts of Macro Economics is prepared as per the latest Bank Exams syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup