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What do you mean by gross national product Mcq?

Answer :

Gross National Product (GNP) is a macroeconomic measure of the total market value of all final goods and services produced by a country in a given period of time.

It is typically used to measure the total economic output of a country and is calculated by adding private consumption, government spending, investments, and exports, while subtracting imports.

The gross national product (GNP) is determined by adding up all domestic private investment, domestic government spending, net exports, and any resident income from overseas investments, then deducting foreign resident income.

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