Match the items is List I with those in List II. Measure of National Formula Income i. GNP a. GNP - Depreciation ii. NNP b. C + I + G + Net exports iii. GDP c. GDP - Depreciation GDP + Net factor income from iv. NDP d. abroad

Explanation

The correct answer isi - d, ii - a, iii - b, iv - c. Key Points GNP:- Gross National Product is the total value of goods and services produced by a country's residents, including those produced abroad, and can be calculated as C (consumption) + I (investment) + G (government spending) + net exports (exports - imports). NNP:- (Net National Product) is the GNP minus depreciation, which is the decrease in value of capital goods over time due to wear and tear. GDP:- (Gross Domestic Product) is the total value of goods and services produced within a country's borders, and can be calculated as C + I + G + net exports. NDP:- (Net Domestic Product) is the GDP minus depreciation. Additional Information National income measures:- These are important indicators of a country's economic performance and are used for policy-making and analysis. Another measure of national income is GNI (Gross National Income), which is similar to GNP but includes net income from abroad and excludes net taxes and subsidies. Per capita measures of national income, such as GDP per capita or GNP per capita, can provide insights into the standard of living of a country's population. National income measures have limitations and do not capture important aspects of economic activity, such as non-market activities, informal sector, and environmental degradation.