Question

Gross National Product (GNP) is obtained by adding which of the following to GDP?

पर्याय

• The total rural workforce

• Net earnings from foreign transactions (exports and imports)

• The wages of unpaid household workers

• The money value of intermediate goods

Answer 1

GNP is defined as GDP plus net earnings from foreign transactions (exports and imports). This makes GNP capture income earned from abroad in addition to domestic production.