Economics · National Income Accounting
Identify the correct interpretation of Gross National Product (GNP).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The total income earned by both residents and non-residents within the geographic borders
- 2The income earned by citizens strictly within the domestic territory of India
- 3The total economic output produced by the citizens of a country, both at home and abroad✓
- 4The total income generated by foreign nationals working inside India
Correct answer
The total economic output produced by the citizens of a country, both at home and abroad
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