Gross National Product at Market Price Formula

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Gross National Product at Market Price is an economic measure that calculates the total market value of all goods and services produced by the residents of a country during a specific time. Check FAQs
GNPmp=GDPfc+NFIA
GNPmp - Gross National Product at Market Price?GDPfc - Gross Domestic Product at Factor Cost?NFIA - Net Factor Income from Abroad?

Gross National Product at Market Price Example

With values
With units
Only example

Here is how the Gross National Product at Market Price equation looks like with Values.

Here is how the Gross National Product at Market Price equation looks like with Units.

Here is how the Gross National Product at Market Price equation looks like.

35990Edit=34750Edit+1240Edit
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Gross National Product at Market Price Solution

Follow our step by step solution on how to calculate Gross National Product at Market Price?

FIRST Step Consider the formula
GNPmp=GDPfc+NFIA
Next Step Substitute values of Variables
GNPmp=34750+1240
Next Step Prepare to Evaluate
GNPmp=34750+1240
LAST Step Evaluate
GNPmp=35990

Gross National Product at Market Price Formula Elements

Variables
Gross National Product at Market Price
Gross National Product at Market Price is an economic measure that calculates the total market value of all goods and services produced by the residents of a country during a specific time.
Symbol: GNPmp
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Gross Domestic Product at Factor Cost
Gross Domestic Product at Factor Cost is a measure of the total value of all goods and services produced within a country's borders during a specific time period.
Symbol: GDPfc
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.
Net Factor Income from Abroad
Net Factor Income from Abroad is the difference between the factor income earned by a country from abroad and factor income paid by a country abroad.
Symbol: NFIA
Measurement: NAUnit: Unitless
Note: Value should be greater than 0.

Other formulas in Macroeconomics category

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​Go Real Gross Domestic Product Per Capita
RGDPPC=RGTP
​Go Real Wage
RW=NWCPI

How to Evaluate Gross National Product at Market Price?

Gross National Product at Market Price evaluator uses Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad to evaluate the Gross National Product at Market Price, Gross National Product at Market Price is the market value of all final goods and services produced in a country's domestic territory by citizens during an accounting year, including net factor income from overseas. Gross National Product at Market Price is denoted by GNPmp symbol.

How to evaluate Gross National Product at Market Price using this online evaluator? To use this online evaluator for Gross National Product at Market Price, enter Gross Domestic Product at Factor Cost (GDPfc) & Net Factor Income from Abroad (NFIA) and hit the calculate button.

FAQs on Gross National Product at Market Price

What is the formula to find Gross National Product at Market Price?
The formula of Gross National Product at Market Price is expressed as Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad. Here is an example- 35990 = 34750+1240.
How to calculate Gross National Product at Market Price?
With Gross Domestic Product at Factor Cost (GDPfc) & Net Factor Income from Abroad (NFIA) we can find Gross National Product at Market Price using the formula - Gross National Product at Market Price = Gross Domestic Product at Factor Cost+Net Factor Income from Abroad.
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