What are the measures of national income
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Gross National Product (GNP): The Gross National product is one of the widely used and comprehensive measure of national productive activities in the open economy.
Gross Domestic Product (GDP): The Gross Domestic product refers to the market value of all the goods and services produced in the domestic economy during a period of one year.
Net National Product (NNP): The net national product is defined as GNP less Depreciation (GNP-Depreciation).
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