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Q: What does GNP stand for ?
  • A. Gramin Nigam Parishad
  • B. Gramin Nisak Praman
  • C. Gross National Product
  • D. Gross National Produce
Correct Answer: Option C - Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizen in a given financial year. GNP = GDP + (X - M) GDP = Gross Domestic Product X = Export M = Import
C. Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizen in a given financial year. GNP = GDP + (X - M) GDP = Gross Domestic Product X = Export M = Import

Explanations:

Gross National Product (GNP) is the total value of all finished goods and services produced by a country's citizen in a given financial year. GNP = GDP + (X - M) GDP = Gross Domestic Product X = Export M = Import