National Income — Economics STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsNational Income1 Mark
Question
What is the main difference between $GDP$ and $NNP ?$
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Answer
The production done by the domestic and foreign equipments within the country is considered in $GDP,$ while $NNP$ considered the production done by the domestic instruments $($which are owned by the country in which production is done$)$ within and outside the country.
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