National Income Accounting — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsNational Income Accounting3 Marks
Question
Can GDP be greater than GNP or not?
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Answer
Yes, GDP can be more than GNP when income from abroad is less than income to abroad.
GDP = 100
GNP = GDP + NFIA (income from abroad - income paid to abroad)
= 100 + (50 - 70) = 100 - 20 = 80
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