Question

What is Gross National Product (GNP)?
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Answer 1

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Definition: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad. Description: GNP measures the monetary value of all the finished goods and services produced by the country's factors of production irrespective of their location.

Answer 2

Answer:

Gross National Product (GNP) = Gross Development Product (GDP) + net income from abroad.

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