Growth and development

Indian Economic System(BPSC)

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Indian Economy - Understanding the basics of Indian economic system

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Net factor income from abroad added to GDP gives:

GNP

NNP

NDP

Per Capita Income

Explanation:

Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income from abroad. It measures the monetary value of all the finished goods and services produced by the country's factors of production irrespective of their location.

By: Parvesh Mehta

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