What is Gross National Product (GNP) ? | Calculation, Importance, and Limitations of GNP - 2024

What is Gross National Product (GNP) ? | Calculation, Importance, and Limitations of GNP - 2024
Hi friends, In this video, you are going to learn about Gross National Product or GNP.
Gross National Product, or GNP, is a measure of the total economic output, produced by a country's residents, including both individuals, and businesses, regardless of their location. It encompasses not only the value of goods and services produced within the country's borders, but also takes into account the earnings of its citizens abroad.
It means, If you are an Indian citizen working in the US, your services will also be counted in India's GNP.
Here I discussed ::::::
What is GNP? or What is Gross National Product?
How to calculate GNP?
Importance of GNP?
Limitations of GNP?
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[@VasilaAbdullaeva-bu7zp]

thanks a lot for explanations

[@educationleavesskills]

Most welcome!