Question

3. Why NNP is not considered as an
useful measure to compare a country's
development with other countries?​

Answer 1

Answer:

Explanation:

Economic development is not even because of uneven development and distribution of infrastructure, market access, geographical factors, access to education etc. Per capita income indicator may not be accurate as one has to consider the value of local currency against others.

NNP is often examined on an annual basis as a way to measure a nation's success in continuing minimum production standards. Gross Domestic Product (GDP) is the most popular method to measure national income and economic prosperity, although NNP is prominently used in environmental economics.

Gross Domestic Product (GDP) is the most popular method to measure national income and economic prosperity, although NNP is prominently used in environmental economics. NNP is often examined on an annual basis as a way to measure a nation's success in continuing minimum production standards.

Net national product (NNP) is the monetary value of finished goods and services produced by a country's citizens, overseas and domestically, in a given period. It is the equivalent of gross

Answer 2

Answer:

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Explanation:

Since the countries have different populations comparing total income will not be suggestive of what an average person is likely to earn. So, for comparing the development of various countries total income is not an useful measure.