- GDP measures production within geographical boundaries. - National Income (GNI/GNP) measures income earned by residents, regardless of location. - Income earned by residents from abroad is part of National Income but not GDP.
Suppose an Indian citizen makes an investment abroad and earns a positive return on her investment. Which of the following is correct ?
Asked in UPSC CAPF 2023 · Topic: National Income & Gross Domestic Product (Gross National Product (GNP))
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Answer: B. Her income is part of India's national income, but not part of India's GDP.
More Economic Development questions
- 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
- Gross Domestic Product (GDP) differs Gross National Product (GNP) by the amount of -
- gross national product includes
- What is the difference between GNP & GDP called ?