5 Questions
What is Gross National Product (GNP)?
Total value of goods and services produced and income received in a year by domestic residents of a country, including profits earned from capital invested abroad
What is Net Domestic Product (NDP)?
Obtained from the Gross Domestic Product by deducting the quantum of tear and wear expenses (depreciation)
How is Net National Product (NNP) calculated?
$NNP = GNP - Depreciation$
What does Per Capita Income (PCI) indicate?
Indicator to show the living standard of people in a country, obtained by dividing the National Income by the population
What is Personal Income (PI)?
Total money income received by individuals and households of a country from all possible sources before direct taxes
Test your knowledge of national income measurement with this quiz. Learn about terms such as Gross National Product (GNP) and Gross Domestic Product (GDP) and their significance in evaluating a country's economic performance.
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