Take India's GDP in 2009–10 at ₹ 50,00,000 crore. Indians working abroad remit to the country ₹ 150 crore and foreigners working in India remit ₹ 100 crore out of the country. Foreign investors repatriate ₹ 50 crore and Indian business abroad brings in ₹ 10 crore. Then India's GNP in 2009–10 would have been
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National income accounting has come up 132 times in 6 exams since 2010.
This question is on GDP, GNP, NDP and national income, part of National income accounting in Macroeconomics.
Converting between GDP, GNP, net product and national income, and between market prices and factor cost.
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Question from the JNU SSS 2013 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.