📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following statements is correct about the

      calculation of national income?
      A Gross Domestic Product (GDP) - NFIA = Gross National Product (GNP) Correct Answer Incorrect Answer
      B Gross National Product (GNP) + Depreciation = Net National Product (NNP) Correct Answer Incorrect Answer
      C Gross National Product (NNP) is also called National Income Correct Answer Incorrect Answer
      D All are incorrect Correct Answer Incorrect Answer

      Solution

      Correct economic terms are: GDP + NFIA (Net Factor Income from Abroad) = GNP, and GNP - Depreciation = NNP. NNP is also referred to as National Income or Net National Income.

      Practice Next
      More Economics Questions

      Relevant for Exams:

      ask-question