What is the full form of "GNP"?

A. Good National Product

B. Gross National Product

C. Guarantee Net Profit

D. Global Net Promotion

Answer: Option B

Solution(By Examveda Team)

Gross National Product (GNP) is the total value of all finished goods and services produced by a country’s citizens in a given financial year, irrespective of their location. GNP also measures the output generated by a country’s businesses located domestically or abroad. It can be defined as a piece of economic statistic that comprises Gross Domestic Product (GDP), and income earned by the residents from investments made overseas.