Tamil Nadu Board of Secondary EducationHSC Arts Class 12

What is GNP? - Economics

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Short Note

What is GNP?

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Solution

Gross National Product (GNP):

GNP is the total market value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non – residents located in that country. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.

Concept: Measurement of Economic Development
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Chapter 11: Economics of Development and Planning - Model Questions [Page 256]

APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 12th Economics Answers Guide
Chapter 11 Economics of Development and Planning
Model Questions | Q 24. | Page 256
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