ECONOMICS (CBSE/UGC NET)

ECONOMICS

GDP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The value of output produced by a country’s citizens regardless of where the output is.
A
inflation
B
Gross national product
C
gross domestic product
D
social science
Explanation: 

Detailed explanation-1: -Gross national product (GNP) refers to the total value of all the goods and services produced by the residents and businesses of a country, irrespective of the location of production. GNP takes into account the investments made by the businesses and residents of the country, living both inside and outside the country.

There is 1 question to complete.