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Gross National Product (GNP) is calculated by:

medium Q7 of 15
Economic Awareness - Sectors of Indian Economy
Gross National Product (GNP) is calculated by:
AGDP + Net Factor Income from Abroad
BGDP - Net Factor Income from Abroad
CNNP + Net Factor Income from Abroad
DNNP - Net Factor Income from Abroad
Step-by-Step Solution

  1. Step 1: Recall GNP formula

    GNP is the total value of goods and services produced by residents, calculated as GDP (domestic production) plus Net Factor Income from Abroad (NFIA).

  2. Step 2: Analyze options

    GDP + Net Factor Income from Abroad correctly gives GNP. Subtracting NFIA from GDP or mixing with NNP (which already incorporates NFIA) is incorrect.

  3. Final Answer:

    GDP + Net Factor Income from Abroad → Option A

  4. Quick Check:

    GNP = GDP + NFIA ✅
Quick Trick: GNP = GDP + NFIA.
Common Mistakes:
  • Subtracting NFIA or confusing with NNP adjustments.
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