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Question
GNP equals ______.
Options
NNP adjusted for inflation
GDP adjusted for inflation
GDP plus net property income from abroad
NNP plus net property income or abroad
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Solution
GNP equals GDP plus net property income from abroad.
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RELATED QUESTIONS
What is meant by Gross domestic product?
Goods are ______.
According to IMF, India is ______ fastest growing nation of the World.
In order to know the performance of India, one should know the ______ of our country.
The price at which the goods are sold in the market is called ______.
“The final goods and services will not be a part of other goods and Services”, said by ______.
The goods that are used in the production of other goods are called as ______ goods.
If the intermediate goods are included in the GDP, then it will result in ______.
Choose the correct statement
- Only the final goods are included in the GDP.
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Assertion (A): Intermediate goods are not counted in calculating the GDP.
Reason (R): Their value is already included in the final goods.
