Can GDP be greater than GNP or not? - Vidyadip

Question

Can GDP be greater than GNP or not?

✓

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

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "2 Marks Question" from National Income Accounting→National Income Accounting — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Total revenue is Rs. 400 when the price of the commodity is Rs. 2 per unit. When price rises to Rs. 3 per unit, the quantity supplied is 300 units, Calculate the price elasticity of supply.

How bank rate is different from repo rate? Which instrument is more effective for term goals to curb inflation?

Differentiate between Autonomous and Accommodating transactions.

Explain the meaning of diminishing returns to Para factor. Why do diminishing returns to a factor occur?

What are capital goods? How are they different from consumption goods?

Explain the problem of 'what to produce'.### Explain the central problem of 'choice of products' to be produced.

Define average propensity to save and marginal propensity to save. Can the value of average propensity to save be negative? Give reasons for your answer.

Giving reasons, classify the following into direct tax and indirect tax.

Wealth tax.
Entertainment tax.
Income tax.

If diminishing marginal returns will set in after the very first unit of labour is employed? What do the average product, and marginal product curves look like in this case?

Distinguish between change in supply and change in quantity supplied. Which of these causes a shift of supply curve?