The following data relates to the national income of a country.
Gross domestic product = $2800
Net factor income from abroad =$250
Depreciation = $700
Indirect taxes = $120 Use it to answer questions 31 and 32 What is the country's Gross National Product (GNP)?
Gross National Product (GNP) is calculated by adding the Gross Domestic Product (GDP) and the Net Factor Income from Abroad.
So, GNP = GDP + Net Factor Income from Abroad = $2800 + $250 = $3050.
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