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Define national product. - Economics

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प्रश्न

Define national product.

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उत्तर

National product, in economics, refers to the total value of all final goods and services produced by a country's residents, including income earned from abroad, during a specific period. This measure is often referred to as Gross National Product (GNP) or Gross National Income (GNI). GNP is a key indicator of a nation's economic output and is used to assess its overall economic performance.

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अध्याय 19: National Income Aggregates - TEST YOURSELF QUESTIONS [पृष्ठ ३८१]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 19 National Income Aggregates
TEST YOURSELF QUESTIONS | Q 2. | पृष्ठ ३८१
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