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What is GDP and GNP and Methods to calculate it

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What is GDP and GNP and Methods to Calculate it In this article we will know what is GDP and how it is calculated. In the next parts of this article we will discuss about how NNP, NDP, GNP, GDP, NNPFC, NNPMP are different from each other. We will also discuss what the GDP at constant price and GDP at current price are. By the way, all the notes related to Economics are being added on this page, which you cannot afford to miss. By the way, you can find all the notes of Economics on this page. Gross Domestic Product  All those things which are produced inside the country or within the country economic value. Here, Domestic means within the country and all things means both goods and services. Gross National Product (GNP) All those things which are produced inside the country PLUS income which have come from outside, their economic value. Suppose, a person named 'A' brought the money abroad to America, to our country India = counted in GNP. On the other hand, '...
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Difference between Gross Domestic Product at Market Price(MP) and Gross Domestic Product at Factor Cost(FC)

Difference between Gross Domestic Product at Market Price(MP) and Gross Domestic Product at Factor Cost(FC) In the previous article, we learned what GDP is and how to calculate it. If you didn't seen my previous article then click this link What is GDP and GNP and Methods to calculate it . But at the end of that article, I said to be continued so I am writing this article. You must have read about GDP at market price (MC) and GDP at factor price (FC) many times. But the clean language of economics overwhelms us. I do not know why they serve things in books, but some terms of economics are very easy to understand. Take GDP (mp) and GDP (fc) only. Gross Domestic Product at Market Price It is clear from the name itself that there is talk of market price here. The price / price of a product or service that we buy from the market. Suppose you and we go to the hotel and eat tandoori roti. When the food starts to rise, the waiter comes and stops the bill. Then we both start argu...
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Things to do while you self-quarantine

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T hings to do while you self-quarantine As the number of suspected and confirmed coronavirus patients in the world continues to climb, one of the most common responses from state and county public health officials is to suggest people who may have been exposed to the disease self-quarantine. Don't leave your house unless you need to go to a doctor, stay home. If there are other people in your home, you should attempt to stay in one room as much as possible and use a separate bathroom. As concerts are postponed, sporting events are canceled, schools are closed and tourist hot spots are shut down, experts recommend that even those who show no sign of illness stay home during this time of global pandemic.  Now the question is how we can spend our precious time? SLEEP AS MUCH AS YOU CAN. WATCH MOVIES ON NETFLIX CLEAN YOUR HOUSE LEARN A NEW SKILL FOCUS ON YOUR BODY READ A BOOK SPEND TIME WITH YOUR FAMILY REARRANGE YOUR WARDROBE LEARN A LANGUAGE CALL...
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