When a country's net income from abroad is added to i...
When a country's net income from abroad is added to its total output, the result is
Gross domestic product
Net national product
Gross national product
Net domestic product
Correct answer is C
Gross national product 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. GNP calculation includes income earned by domestic residents abroad minus the income of foreigners earned in the domestic economy.
GNP is calculated by taking the sum of personal consumption expenditures, private domestic investment, government expenditure, net exports and any income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents.
The survival of partnership depends on ...
The movement along the same curve is a ...
In which of the following ways has inflation adversely affected your country’s economy? ...
One of the dangers of the localization of industries is ...
Plywood industries are often located near the source of ...
The biggest source of government revenue in Nigeria is ...
In a socialist economy, factors of production are owned and controlled by the ...