Get premium membership and access questions with answers, video lessons as well as revision papers.

What do the following terms mean? i) Gross domestic product (G.D.P) ii) Gross national product (GNP) iii) Per capital income

      

What do the following terms mean?
i) Gross domestic product (G.D.P)

ii) Gross national product (GNP)

iii) Per capital income

  

Answers


Kavungya
i) Gross domestic product (G.D.P)
- The sum total of goods and services produced by a country within one year.
ii) Gross national product (GNP)
- Total output from resources owned by the nationals of a country both within and outside the country within a year.
iii) Per capital income
- Gross national income divided by total population
Kavungya answered the question on March 28, 2019 at 05:57


Next: State the main implications of opportunity cost in farming.
Previous: Explain how the house hold and firm are both producers and consumers

View More Agriculture Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions