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Gross national Product
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Net National Product
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Meaning
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Gross national Product is the total amount of the flow of goods and
services at marked value resulting from current production during a financial
year in a country, including net income from abroad.
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Net national product is the net measure of the flow of goods and
services at market value resulting from current production during a financial
year in a country, including net income from abroad.
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Formula
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GNP = C + I + G + (X – M) + (R – P)
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NNP = C + I + G + (X – M) + (R – P) - D
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