2007-01-26 23:14:01 · 4 answers · asked by My_Girl 2 in Business & Finance ➔ Taxes ➔ Other - Taxes
Gross National Product, It is total value of final goods and sevices produced in a country after deducing intermediate consumption during a given time period
2007-01-26 23:25:15 · answer #1 · answered by f_jayce 5 · 0⤊ 0⤋
GNP is gross national product. This is used to estimate the value of goods and services produced in an economy. You can calculate it by summing up consumption. Other methods are using aggregate demand
2007-01-26 23:28:51 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Gross National Product
It is the sum total of ALL goods and services produced.
So it's the sales figure / revenue figure (Europeans call it Turnover) of all companies combined. That is the total VALUE of all the goods and services produced.
If it goes up.... the economy is expanding (and more and more people would be working, and more and more taxes are collected.)
If it goes down ... the ecomony is contracting (and more and more companies are firing rather than hiring, fewer and fewer taxes are collected, and more and more people are lining up for unemployment and welfare checks.)
2007-01-26 23:27:57 · answer #3 · answered by marcus 4 · 0⤊ 0⤋
GNP is gross national product.............sorry i dont know how to compute as i am in nineth standard only...............!!
2007-01-26 23:25:48 · answer #4 · answered by Rutu 2 · 0⤊ 0⤋