McqMate
| Q. |
Which of the following is not required while computing Gross National Product (GNP)? |
| A. | Net foreign investment |
| B. | Private investment |
| C. | Per capita income of citizens |
| D. | Purchase of goods by government |
| Answer» C. Per capita income of citizens | |
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Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. Basically, GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. GNP measures the value of goods andservices that the country's citizens produced regardless of their location. |
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