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SSC CGL 2020 PYQ — Question 44

SSC CGL - 9th March 2020 Shift 1 • General Awareness • Q44

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What is the full form of GNP?

Show answer & explanation

Correct answer: B

Explanation

The correct answer is option 2 i.e. Gross National Product.

  • Gross National Product (GNP) is an estimate of the total value of all the final products and services turned out in a given period by the means of production owned by a country's residents.
  • GNP is commonly 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.