Each of these - GDP, NDP, GNP, NNP - is an attempt to measure the 'size' of an economy. 'Domestic' figures (e.g. GDP) add up all the incomes earned within the nation's border. 'National' figures (e.g. GNP) add up all the incomes earned by a nation's citizens. Here's an example of how how the two figures may differ. I live

GNP = GDP + (X-M), where X = Income from foreign and M = Income to Foreign Net National Product (NNP) It is calculated by subtracting depreciation from the Gross National Product. NNP = GNP - Depreciation Get Unlimited Access to Test Series for 810+ Exams and much more. Know More ₹17/ month Buy Testbook Pass Difference between GDP and GNP of India Key points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by Gross national product (GNP) is the total value of all the final goods and services made by a nation's economy in a specific time (usually a year). GNP is different from net national product, which considers depreciation and the consumption of capital.

Net national product (NNP) refers to gross national product (GNP), i.e. the total market value of all final goods and services produced by the factors of production of a country or other polity during a given time period, minus depreciation. Similarly, net domestic product (NDP) corresponds to gross domestic product (GDP) minus depreciation.

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what is gnp and nnp