Gross National Product and Net National Product.



Gross national Product
Net National Product

Meaning


Gross national Product is the total amount of the flow of goods and services at marked value resulting from current production during a financial year in a country, including net income from abroad.
Net national product is the net measure of the flow of goods and services at market value resulting from current production during a financial year in a country, including net income from abroad.

Formula


GNP = C + I + G + (X – M) + (R – P)
NNP = C + I + G + (X – M) + (R – P) - D