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Which of the following relations is true...

Which of the following relations is true ?

A

GNP = GDP * Net factor income from abroad

B

GNP = GDP - Net factor income from abroad

C

GNP = GDP + Net factor income from abroad

D

GNP = GDP / Net factor income from abroad

Text Solution

Verified by Experts

The correct Answer is:
C
GNP (Gross National Product) = GDP + net property income from abroad. This net income from abroad includes dividends, interest and profit. GNI (Gross National Income) = (similar to GNP) includes the value of all goods and services produced by nationals – whether in the country or not.
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PINNACLE-ECONOMICS-MCQ (NATIONAL INCOME, IFLATION, BUDGET, TAXATION AND GDP)
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  2. Current Account of Balance of payments does NOT include which of the f...

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  3. Which of the following relations is true ?

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  7. Who among the following publishes the Economic Survey of India?

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  10. What does GNP stand for?

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  11. Under which Amendment to the Constitution of India was Goods and Servi...

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  12. GST was introduced by which amendment act of the Constitution? GST को ...

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  14. Which of the following best defines Net National Income?

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  16. Goods and Services Tax (GST) was enacted by Parliament vide Constituti...

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  17. GST council is headed by :

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