3. GDP
Ways to
measure
Economic
growth
GNP
NNP
NDP
4. It is the value of all final goods & services
produced within the country’s geographical
territory, irrespective of the ownership of
resources.
GDP = private consumption + gross
investment + government spending + (exports −
imports),
5. It is the income produced through the
country’s owned resources, irrespective of
the place of production.
GNP = GDP + NR (NET INCOME INFLOW
FROM ASSETS ABROAD – NET PAYMENT
OUTFLOW THROUGH FOREIGN ASSETS).
6. It the gross domestic product (GDP)
minus depreciation on a country's
capital goods.
7. It is the total market value of all final
goods and services produced by
residents in a country or other during a
given time period (gross national
product or GNP) minus depreciation.
8. It the sustained, concerted actions of policy
makers and communities that promote the
standard of living and economic health of a
specific area.
9. HDI
Ways to
measure
economic
development
HFI
HPI
GEM
