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Question

Q. Gross National Product (GNP) can be arrived at by adding which of the following to the GDP?



  1. Depreciation

  2. Indirect taxes

  3. Net factor income from abroad

  4. Intermediate goods


Solution

The correct option is C
Net factor income from abroad

Explanation:

As the name suggests, it is asking to calculate country’s income generated by its nationals, thus all the incomes domestic factors of production employed in the rest of the world will be added to GDP and all the incomes earned by the factors of production of the rest of the world employed in the India would be subtracted. Gross National Product (GNP) can be arrived at by adding Net factor income from abroad.

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