Question

Define Gross national Income (GNP) . for class 9 ​

Answer 1

Gross national product is the total value of all the final goods and services produced by the normal residents of a country during a period of one year. 2:It is the sum total of GDP (GROSS DOMESTIC PRODUCT) and Net income from abroad. It gives a broad measure of total economic activity of a country.

Gross national product is the total value of all the final goods and services produced by the normal residents of a country during a period of one year. 2:It is the sum total of GDP (GROSS DOMESTIC PRODUCT) and Net income from abroad. It gives a broad measure of total economic activity of a country.

Answer 2

Explanation:

The gross national income, previously known as gross national product, is the total domestic and foreign output claimed by residents of a country, consisting of gross domestic product, plus factor incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents.