Which is the best measure of Economic Growth of a country ?1. GNP2. Ne

1.	Which is the best measure of Economic Growth of a country ?1. GNP2. Net Revenue3. GDP4. None of these
Answer» Correct Answer - Option 3 : GDP The correct answer is GDP. GDP is used to understand the economic condition of the country. When the value of that commodity is high, foreign exchange will come more inside the country which will lead to the development of the country. If the value of goods and services produced in the country is low, then the economic situation of that country is not good. GNP- In any country, the final monetary value of goods and services produced by the citizens of a country at a given time or in a financial year is called Gross National Product or GNP. Net Revenue- Net revenue is how much of the gross revenue is left over after deducting costs and losses and it’s used to pay for business operations or the cost of production.

Which is the best measure of Economic Growth of a country ?1. GNP2. Net Revenue3. GDP4. None of these

Answer» Correct Answer - Option 3 : GDP

The correct answer is GDP.

GDP is used to understand the economic condition of the country.

When the value of that commodity is high, foreign exchange will come more inside the country which will lead to the development of the country.
If the value of goods and services produced in the country is low, then the economic situation of that country is not good.

GNP- In any country, the final monetary value of goods and services produced by the citizens of a country at a given time or in a financial year is called Gross National Product or GNP.
Net Revenue- Net revenue is how much of the gross revenue is left over after deducting costs and losses and it’s used to pay for business operations or the cost of production.

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Which is the best measure of Economic Growth of a country ?1. GNP2. Net Revenue3. GDP4. None of these

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