Gross National Product (GNP) is the GDP of a country added with its 'income from abroad'.
The items which are counted in the segment 'Income from Abroad' are:
1. Trade Balance: the net outcome at the year end of the total exports and imports of a
country may be positive or negative accordingly added with the GDP.
2. Interest of External Loans: the net outcome on the front of the interest payments i.e.
balance of the inflow (on the money lend out by the economy) and the outflow (on
the money borrowed by the economy) of the external interests.
3. Private Remittances: the net outcome of the money which inflows and outflows on
account of the 'private transfers'.
The balance of all the three components of the 'Income from Abroad' segment may turn out
to be positive or negative.
Thus relationship between GDP and GNP depends on the net
value of income from abroad. When the income from abroad is zero GDP is equal to GNP.
abhi to party shuru hui hai passed in prelim expected 55-60 got 62, not sure about cutoff , in reasoning attempted 16 , but how did i get 17.75 , anways congrats to all those who passed all the best to them for main exam , carry on with your preparation :)