Question : Which of the following is a measure of national income that takes into account the value of goods and services produced by a country's citizens abroad?
Option 1: Gross Domestic Product (GDP)
Option 2: Gross National Product (GNP)
Option 3: Net Domestic Product (NDP)
Option 4: Net National Product (NNP)
Answer (1)
14th Jan, 2024
Correct Answer: Gross National Product (GNP)
Solution : The correct answer is (b) Gross National Product (GNP)
Gross National Product (GNP) is a measure of national income that takes into account the value of goods and services produced by a country's citizens, both domestically and abroad.
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