Showing posts with label Gross National Product (GNP). Show all posts
Showing posts with label Gross National Product (GNP). Show all posts

Gross National Product (GNP)

If we add the net income from abroad to GDP, we get GNP.It refers to total market value of all final goods and services produced in a year.It is the aggregate value of the current production of goods and services flowing to the government, to consumers and business.
In short
GNP=GDP + Net Income from Abroad.