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"Gross National Product - GNP' GNP is a measure of a country's economic performance, or what its citizens produced (i.e. goods and services) and whether they produced these items within its borders in a fiscal year."
Gross National product =
The Aggregate value of goods and services produced in an economy in a fiscal year
+ The Aggregate Value of goods and services Imported
- The Aggregate Value of goods and services Exported.
Gross National Product (GNP) is the market value of all the products and services produced in one year by labour and property supplied by the citizens of a country
GNP is the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments.
Thanks for the invitation
Good question
Agreed with both answers given by
Mr.:Jetley & Mr.:Vrindavan as well too
I agree with all colleague
All the goods and services produced in an economy of a country within financial year.This does not include the foreign investment and remittances.
GNP is one of the major factors which defines the stability of any economy. It tells the number of products which are produced within the boundaries of any country.
GDP of a country to which income from abroad remittances of nationals living outside and income from foreign subsidiaries of local firms has been added.
GNP measures the value of goods and services that the country's citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher standard of living, all other things being equal.
The Gross National Product (GNP) is the value of all the goods and services produced in an economy, plus the value of the goods and services imported, less the goods and services exported.
