GNP focuses on the ownership of production factors by residents, including income earned from abroad, unlike GDP (Gross Domestic Product) which focuses on production within the country's geographical boundaries.
GNP measures ______.
Asked in KPSC KAS Prelims 2017 · Topic: National Income & Gross Domestic Product (Gross National Product (GNP))
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Answer: A. Total domestic and foreign output claimed by residents of a country
More Economic Development questions
- Which of the following statement/s is/are incorrect ? (a) GNP is the total money value of goods and services produced by the nationals during the given year. (b) The part of income produced in the country but earned by foreigners is included in GNP. (c) Per capita income shows the marginal income of the people in the country.
- Consider the following statement: Statement I : Gross National Product will always be more than the GDP. Statement II : To get GNP, net factor income from abroad is added to GDP. Find the correct answer:
- Suppose an Indian citizen makes an investment abroad and earns a positive return on her investment. Which of the following is correct ?
- Which of the following is not required while considering GNP (Gross National Product)?
- The proportion of labour in GNP (Gross National Product) becomes low due to the following reason:
- What impact does an increase in the GNP deflator have on the purchasing power of money ?
- The main difference between GDP and GNP is
- GNP = GDP + X - M where M means