how to calculate GNP from GDP
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The formula to calculate the components of GNP is Y = C + I + G + X + Z. That stands for GNP = Consumption + Investment + Government + X (net exports, or imports minus exports) + Z (net income earned by domestic residents from overseas investments - net income earned by foreign residents from domestic investments.
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___heya friend___
here is your answer✌️
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GNP
During the year, the citizens of the country also call the finances of the things and services and the gross national product of the country.
✨GNP:Gross National Product✨
GNP=GDP +Net income from abroad(Total income from abroad-The total payment made abroad)
#In general practice GNP statistics are mostly used.
#The value of this year's production in gnp is considered to be the production value of the previous year.
☺️ hope it help you ☺️
here is your answer✌️
___________________
GNP
During the year, the citizens of the country also call the finances of the things and services and the gross national product of the country.
✨GNP:Gross National Product✨
GNP=GDP +Net income from abroad(Total income from abroad-The total payment made abroad)
#In general practice GNP statistics are mostly used.
#The value of this year's production in gnp is considered to be the production value of the previous year.
☺️ hope it help you ☺️
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