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Social & Preventive Medicine Definition and Concepts in Sociology & Psychology daaee131

Income generated within a country is known as:

A
Gross Domestic Product (GDP)
B
Net National Product (NNP)
C
Net Domestic Product (NDP)
D
Purchasing Power Parity (PPP)
High-Yield Explanation
Gross Domestic Product (GDP):Gross income generated within a country (excludes net income received). Gross National Income (GNI)/Gross National Product (GNP): Is gross income generated from within the country and also net income received from abroad . Net National Product (NNP): GNP minus capital we consume. Net Domestic Product (NDP): GDP minus value of depreciation on fixed assets. Purchasing Power Parity (PPP): No. of units of a country's currency required to by the same amount of goods and services in domestic market, as 1 dollar would buy in USA.

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