Question

Q. Match the following:

List A	List B
1. GNP	(a) GDP-Depreciation
2. NDP	(b) GDP+ NFIFA
3. NNPfc	(c) GNP- Depreciation
4. NNP	(d) NNPmp - Indirect taxes + Subsidies

Select the correct answer using the codes given below:

• A. 1-b, 2-a, 3-d, 4-c
• B. 1-a, 2-c, 3-b, 4-d
• C. 1-b, 2-d, 3-a, 4-c
• D. 1-c, 2-a, 3-d, 4b

Answer 1

The correct option is A 1-b, 2-a, 3-d, 4-c

Explanation:

GNP = It calculates the total monetary value of all the goods and services by the citizens of a country within a financial year. It also considers the income generated by the citizens of the country present within or outside the country.

GNP = GDP + NFIFA

NDP = Net domestic product (NDP) is calculated by subtracting the value of depreciation of capital assets of the nation such as machinery, housing, and vehicles from the gross domestic product (GDP).

NDP = GDP - Depreciation

NNP = Net national product considers all the goods, products, and services that are manufactured by the country’s citizens, irrespective of their location, or in other words, net national product considers products that are produced domestically and also from overseas

NNP = GNP - Depreciation

NNPfc = NNPmp - Indirect taxes + subsidies