When a country's net income from abroad is added to i...
When a country's net income from abroad is added to its total output, the result is
Gross domestic product
Net national product
Gross national product
Net domestic product
Correct answer is C
Gross national product is the total value of goods produced and services provided by a country during one year, equal to the gross domestic product plus the net income from foreign investments. GNP calculation includes income earned by domestic residents abroad minus the income of foreigners earned in the domestic economy.
GNP is calculated by taking the sum of personal consumption expenditures, private domestic investment, government expenditure, net exports and any income earned by residents from overseas investments, minus income earned within the domestic economy by foreign residents.
All the following are source of finance to a joint stock company except ...
In computing national income, transfers are excluded because ...
An issue of bank notes not backed by gold but by government securities is known as ...
Which of the following is NOT a type of business ownership? ...
Output (units) 50 60 70 80 90 Total revenue (TR) $ 8...
A firm is said to be a public Joint Stock Company when it ...
If petrol is no longer needed to produce energy, then demand for crude oil ...
The International Monetary Fund (IMF) was set up mainly to ...