Question

8. GNP mp = ? *
2 points
GDP mp – Depreciation
GDP mp + Net Factor Income from Abroad
GNP mp + Subsidy
None of the above​

Answer 1

Answer:

GNPMP = GDPMP + Net factor income from abroad

But GNP is an economic concept because it includes productive efforts of only residents of a country within and outside the country GDP is based on domestic territory but GNP is based on normal residents