Significance of GNP. 5 points
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Significance of Gross Nation Product (GNP) are below .
1.Its board measure of nation 's total economic activity.
2 its value of all finished goods & services by all national in a year.
3.its measure of economic well being of people of nation
4.its shows the net income from abroad.
5. its different from GDP .
6. GNP= GDP+ net income inflow from abroad - net income outflow to abroad
1.Its board measure of nation 's total economic activity.
2 its value of all finished goods & services by all national in a year.
3.its measure of economic well being of people of nation
4.its shows the net income from abroad.
5. its different from GDP .
6. GNP= GDP+ net income inflow from abroad - net income outflow to abroad
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