Question
Gross National Product is the money measure of
Answer: Option C
Answer: (c)
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.
It 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.
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Answer: (c)
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.
It 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.
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