"Economics also succeeded in grafting onto the countries of the third world impressive theories and isolated important concepts such as gross national product, gross domestic product, and income per capita. These concepts served as building blocks with which economics constructed elaborate and impressive theories of development, including formula for predicting the rate of economic development of a given nation. According to economics, gross national product (GNP) is the total value of goods and services produced by a given country during a specified time period, such as a year. Gross domestic product (GDP), on the other hand, is gross national product minus the net income the nation earned abroad."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Denis Chima E. Ugwuegbu (2011) Social Psychology and Social Change in Nigeria, p. 32
https://en.wikiquote.org/wiki/Gross_National_Product
Revision History
No revisions have been submitted for this quote.
Categories
Gross National Product
28 quotes on TrueQuotesView all quotes by Gross National Product →
Related Quotes
"For the logic of Saint-Simon is that the only legitimate social functions are those of production, and those of the s…"
"The concept of man as mass robot was both an expression of and a powerful motive force in industrialized mass society…"
"I don't have a problem with guilt about money. The way I see it is that my money represents an enormous number of cla…"
"There was a plea from honourable Members relating to the need for formal Gross National Product figures. Such figures…"
"The computer field is intoxicated with change. We have seen galloping growth over a period of four decades and it sti…"
"Macroeconomics deals with national aggregates like gross national product, employment, price levels, consumption and …"
"Keynes was chief economic adviser to the British government and largely responsible for keeping the British economy a…"
"... in economic political discussions there is a nearly infinite number of specific questions that may be asked. Besi…"
"Even if we can never quantify [satisfaction or happiness]... as precisely as we currently quantify GNP,... perhaps it…"
"(Archie and Mike are talking about the benefits of the USA)"