Practice Gross National Product (GNP) - 3.2 | Chapter 6: National Income | ICSE Class 12 Economics
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define Gross National Product (GNP).

💡 Hint: Think about who produces what and where.

Question 2

Easy

What is the formula for calculating GNP?

💡 Hint: Remember the distinction between domestic production and income from abroad.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What does GNP stand for?

  • Gross National Product
  • Gross National Profit
  • Gross Net Product

💡 Hint: Remember the acronym GNP.

Question 2

True or False: GNP excludes income earned by residents working abroad.

  • True
  • False

💡 Hint: Focus on what GNP accounts for.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A country reports a GDP of $15 trillion and net income from abroad of $300 billion. Discuss how this information might influence economic planning in the country.

💡 Hint: Think about how GNP reflects economic activity.

Question 2

If a foreign company operates in a country with a GNP of $25 trillion and sends $500 billion back to its headquarters abroad, how does this impact the local economy?

💡 Hint: Consider the impact of international corporations on local economic health.

Challenge and get performance evaluation