Q. 25.0( 1 Vote )

Which among the f A. GNP

B. GDP

C. Per capita income

D. NNP

Answer :

Gross Domestic Product considers the domestic territory of a country. It helps us to evaluate the contribution of different sectors in an economy. It means GDP is the total money value of produced final goods and services within the domestic territory of a country during a financial year. To calculate the GDP, the income of the people working abroad, and the profit of the institutions and firms located abroad will not be calculated. For example – if an Indian firm is located abroad then the profit of that firm will not be calculated to determine the GDP of India but to calculate the Gross National Product of India. Such incomes will be excluded to calculate the GDP of India.

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