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Gross National Product (GNP)

Gross National Product (GNP) is total market value of the final goods and services produced by a country’s residents living in home and abroad during a specified period of time (usually a year).

GNP is commonly calculated by taking the sum of personal consumption expenditures, private domestic investment, government expenditure, net exports, and any income earned by nationals overseas, minus income earned within the domestic economy by foreign residents.

Net exports represent the difference what a country exports minus any imports of goods and services. In plain words, the income of the citizens of Bangladesh living in the Middle East will be included in the GNP of Bangladesh.

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Similarly, the income of the Chinese people working in Bangladesh will be included in the GNP of China. Moreover, GNP omits the value of intermediary goods to avoid double counting.

Md. Mahabub Alam

I am a committed educator, blogger and YouTuber and I am striving to achieve extraordinary success in my chosen field. After completing Masters in Anthropology from Jagannath University, I am working as Chief Accounts Officer in a national newspaper of the country. I really want your prayers and love.

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