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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
Solution
GNP equals GDP plus net property income from abroad.
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RELATED QUESTIONS
Students are collect the Gross Domestic Product datas of Tamilnadu and compare the other state of Karnataka and Kerala’s GDP.
Goods are ______.
______ is the market value of all goods and services produced in the country.
The Goods and Services are measured in terms of ______ of that country.
In order to know the performance of India, one should know the ______ of our country.
The GDP is the ______value of final goods and services produced in the country.
If the intermediate goods are included in the GDP, then it will result in ______.
GNHf is a philosophy instituted as the goal of government of ______.
Choose the correct statement
- Only the final goods are included in the GDP.
- If the value of the Intermediate goods are included,, it will result in double counting,
- The rupee values are desired from the prices at which the goods and services are sold in the market.
- There is no sensible way to add the quantities of goods produced with those of the services produced.
Assertion (A): Intermediate goods are not counted in calculating the GDP.
Reason (R): Their value is already included in the final goods.
