In an economy GNP (Gross National Product) gives _________.

qualitative aspect

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quantitative aspect

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both A and B

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none of the above

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Solution

The correct option is C both A and B
Gross National Product is defined as sum of Gross Domestic Product, income from abroad and consumption of fixed capital

IMF ranks countries based on GNP

It is indicative of the qualitative as well as quantitative aspect of the economy.

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Similar questions

Consider the following statements: -

1. National disposable income includes Net National Product at Market prices only.

2. GDP is a measure of National Income/ National output and National expenditure produced in a particular country.

3. GNP includes the value of all goods and services produced by nationals whether in the country a abroad.

4. GNP does not include dividends and interest from abroad in Income.

Which of the above statements is are correct?

Q. Consider the following statements:

Which of the above is included in the calculation of Gross national product(GNP)?

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