WBCS.LIVE practice question

Which of the following is not required while considering GNP (Gross National Product)?

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Purchase of goods by Government
  2. Private investment
  3. Per capita income of citizens
  4. Net foreign investment

Correct answer and explanation

Correct answer: Per capita income of citizens

Explanation: āœ… Correct Answer: C) Per capita income of citizens šŸ“š Explanation: Gross National Product (GNP) measures the total value of all finished goods and services produced by the citizens of a country, regardless of their location. It is calculated using government spending (A), private investment (B), and net exports (D). Per capita income is a derived average and is not a component used in the initial calculation of GNP.