29 March 2014

GNP


Gross national product (GNP)

GNP is the money value of final goods and services produced by the country’s factors of production wherever they are located during a given period of time, a quarter or a year. In other words, when the net factor incomes from abroad are added to GDP we get GNP. Thus,

GNP = GDP + net factor incomes from abroad

Thus, GNP = C + I + G + (X-M) + (R-P)

GNP (market price) = GNP (factor cost) + indirect taxes - subsidies.


GNP (factor cost) = GNP (market price) – indirect taxes + subsidies.

No comments:

Post a Comment

Thanks for Commenting !!!
We Value and Appreciate YOUR Feedback.....
Cheers.....

Featured post

Branding to succeed in the new digital age

Many of us are not sure about some words. Are you not sure about the meaning of “branding”? Don’t worry! Branding is one of those marketing...