Economics · National Income Concepts
What is the correct formula representing the relationship between GNP and GDP?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1GNP = GDP + Net Factor Income from Abroad✓
- 2GNP = GDP - Depreciation
- 3GNP = GDP + Indirect Taxes
- 4GNP = GDP - Subsidies
Correct answer
GNP = GDP + Net Factor Income from Abroad
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