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 IndiaGDP = C + I + G + X. GNI uses GDP and two different types of income circumstances: Income from citizens and businesses earned abroad (A) Income remitted by foreigners living in the country back to their home countries (B) This gives the formula: GNI = GDP + [ ( A ) - ( B ) ] To calculate GNP, GDP is used again, with two types of income that
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.
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 FfXF8LT.