When income from abroad is added to gross domestic product it becomes ___________.

NDP (Net Domestic Product)

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GNP (Gross National Product)

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GDP (Gross Domestic Product)

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None of the above

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Solution

The correct option is B GNP (Gross National Product)
Gross National Product is defined as sum of Gross Domestic Product, income from abroad and consumption of fixed capital

Therefore when income from abroad is added to Gross Domestic Product we get Gross National Product

Suggest Corrections

Particulars	Rs. in crores
(i) GDP at MP (ii) Indirect Taxes (iii) Factor income from abroad (iv) Consumption of Fixed Capital (v) Factor income to abroad (vi) Subsidies	70,150 5,200 800 3,100 300 4,000