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Zorluk: KolayBasic National Income Aggregates (GDP, GNP, NNP, NDP)

An economy records a Gross Domestic Product (GDP) of N620 million\text{N}620\text{ million}. If the Net Factor Income from Abroad (NFIA) is N45 million\text{N}45\text{ million}, what is the value of the Gross National Product (GNP) in million Naira?

Cevap: 665 million Naira

Cevap

The Gross National Product (GNP) is N665 million\text{N}665\text{ million}.
Gross National Product (GNP) measures the total income earned by residents of a country. It is calculated by adding Net Factor Income from Abroad (NFIA) to the Gross Domestic Product (GDP). Here, GNP=620+45=665 million Naira\text{GNP} = 620 + 45 = 665\text{ million Naira}.

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1
State the relationship between Gross Domestic Product (GDP) and Gross National Product (GNP).
GNP=GDP+NFIA\text{GNP} = \text{GDP} + \text{NFIA}
Gross National Product includes net income earned by domestic citizens from abroad in addition to domestic production.
2
Substitute GDP=620 million\text{GDP} = 620\text{ million} and NFIA=45 million\text{NFIA} = 45\text{ million} into the equation.
GNP=620+45=665 million Naira\text{GNP} = 620 + 45 = 665\text{ million Naira}
Adding Net Factor Income from Abroad directly converts GDP into GNP.

Anahtar Kavram

Gross National Product (GNP) Calculation
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Basic National Income Aggregates (GDP, GNP, NNP, NDP)

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