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Detailed Outline of Gross National Product (for UPSC CSE)

Lesson 3 of 9 • 914 upvotes • 10:28 mins

Ayussh Sanghi

This lesson explains in detail the concept of Gross National Product which is a measure of economic growth. The definition is broken down to comprehensively explain the concept. The presenter throws light on the difference between the GDP & GNP. Using examples, the presenter explains the factors of production to further the understanding of GNP. He then explains the two categories of National Incomes Aggregates. The lesson ends by providing the explanation of computing of National Product.

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