Gross national product or GNP includes the total market value of finished products and services produced by a country's economy in a given period (usually one year). Depreciation refers to the wear and tear of capital assets and the depreciation of human capital in the case of workforce turnover.
GDP = C + I + G + X. GNI uses GDP and two different types of income circumstances: Income from citizens and businesses earned abroad (A) Income remitted by foreigners living in the country back to their home countries (B) This gives the formula: GNI = GDP + [ ( A ) - ( B ) ] To calculate GNP, GDP is used again, with two types of income that
Gross national product (GNP) refers to the total value of all the goods and services produced by the residents and businesses of a country, irrespective of the location of production. GNP takes into account the investments made by the businesses and residents of the country, living both inside and outside the country.

GNP at Factor Cost = GDP at Factor Cost + Net Income from Abroad - Depreciation; GNP at Market Price = GNP at Factor Cost + Indirect Taxes - Subsidies; NNP (Net National Product) NNP is derived from GNP by subtracting the value of depreciation.

(4). NNP: Net National Product (NNP) of an economy is the GNP after deducting the loss due to depreciation'. The formula to derive it may be written like : NNP = GNP - Depreciation or, NNP = GDP + Income from Abroad Depreciation. The different uses of the concept of NNP are as given below : (i) This is the' National Income'(NI) of an economy.
Gross national product (GNP) is a slightly modified version of gross domestic product (GDP). The GNP of a country is equal to the value of all goods and services produced by the nationals of a
Each of these - GDP, NDP, GNP, NNP - is an attempt to measure the 'size' of an economy. 'Domestic' figures (e.g. GDP) add up all the incomes earned within the nation's border. 'National' figures (e.g. GNP) add up all the incomes earned by a nation's citizens. Here's an example of how how the two figures may differ. I live
Net National Product (NNP) = Gross National Product (GNP) - Depreciation. The gross national product portion of the NNP formula includes all the final goods and services manufactured and produced within a nation with a period. GNP = GDP + (X-M), where X = Income from foreign and M = Income to Foreign Net National Product (NNP) It is calculated by subtracting depreciation from the Gross National Product. NNP = GNP - Depreciation Get Unlimited Access to Test Series for 810+ Exams and much more. Know More ₹17/ month Buy Testbook Pass Difference between GDP and GNP of India
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Both the Gross National Product (GNP) and Gross Domestic Product (GDP) measure the market value of products and services produced in the economy. The terms differ in what constitutes an economy since GDP measures the domestic levels of production while GNP measures the level of the output of a country's residents regardless of their location.
Gross domestic product (GDP) is the value of the finished domestic goods and services produced within a nation's borders. On the other hand, gross national product (GNP) is the value of all ofXsn.