Question

List any four factors which affect human welfare but are not included in the gnp estimates

Answer 1

A variety of measures of national income and output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP),gross national product (GNP), net national income (NNI), and adjusted national income also called as NNI at factor cost (NNI* adjusted for natural resource depletion). All are specially concerned with counting the total amount of goods and services produced within the economy and by different sectors.