What Does Gross National Product Measure? Gross national product is one metric for measuring a nation's economic output. Gross national product is the value of all products and services
Gross national product (GNP) refers to the total value of all the goods and services produced by the residents and businesses of a country, irrespective of the location of production. GNP takes into account the investments made by the businesses and residents of the country, living both inside and outside the country.
GNP = GDP + (X-M), where X = Income from foreign and M = Income to Foreign Net National Product (NNP) It is calculated by subtracting depreciation from the Gross National Product. NNP = GNP - Depreciation Get Unlimited Access to Test Series for 810+ Exams and much more. Know More ₹17/ month Buy Testbook Pass Difference between GDP and GNP of India
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what is gnp and nnp
