Question : Net National Product of a country is:

Option 1: Gross Domestic Product (GDP) minus depreciation allowances

Option 2: Gross Domestic Product (GDP) plus net income from abroad

Option 3: Gross National Product (GNP) minus net income from abroad

Option 4: Gross National Product (GNP) minus depreciation allowances

Question : If exports equal imports, then which of the following relations will be true?

Option 1: Gross Domestic Product (GDP) = Gross National Product (GNP)

Option 2: Gross Domestic Product (GDP) > Gross National Product (GNP)

Option 3: Gross Domestic Product (GDP) < Gross National Product (GNP)

Option 4: None of these 

Question : What is the full form of GNI?

Option 1: Gross National Interest 

Option 2: Gross National Income

Option 3: Gross Net Interest

Option 4: Gross Net Income

Question : What is the full form of NNP?

Option 1: Normal Net Production

Option 2: Net National Product

Option 3: Normal National Produce

Option 4: Net Normal Produce

Question : Which of the following identities is correct regarding Gross National Product (GNP)?

Option 1: GNP = GDP (Gross Domestic Product) + Factor income earned by the domestic factors of production employed in the rest of the world + Factor income earned by the factors of production of the rest of the world employed in the domestic economy.

Option 2: GNP = GDP – Factor income earned by the domestic factors of production employed in the rest of the world – Factor income earned by the factors of production of the rest of the world employed in the domestic economy.

Option 3: GNP = GDP + Factor income earned by the domestic factors of production employed in the rest of the world – Factor income earned by the factors of production of the rest of the world employed in the domestic economy.

Option 4: GNP = GDP – Factor income earned by the domestic factors of production employed in the rest of the world + Factor income earned by the factors of production of the rest of the world employed in the domestic economy.