net national product gross national product net domestic product difference between gdp and gnp mcqs on gross domestic product commerce related links production and costs class 11 accountancy project short run costs supply of money factors determining price elasticity of demand features of sustainable ...
GNP or Gross National Product is the monetary value of all goods and services produced by the residents of a nation, irrespective of their source of production.
and it’s essential to know all the various forms and how they’re used. following are the three approaches to calculate gdp. income system income method estimates the overall revenue received by production factors, that is, labour and capital within a country’s national boundaries. according ...