CBSE Class 10 Answered
How do we calculate the total income of a country??
Asked by Jaydip | 31 May, 2017, 01:05: PM
Expert Answer
The total income is the income of all the residents of a country. This total income is called the gross national product (GNP). This implies the money value of all the final goods and services produced by normal residents of a country during a period of a year. Here the term national signifies that production of normal residents of the country is to be included even if they are outside the domestic territory of country.
Answered by Tharageswari S | 31 May, 2017, 03:26: PM
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