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Real Gross National Product Formula

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Real Gross National Product is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location. Check FAQs

GNP = \frac{RPM - b 0 - (Y \cdot c)}{d}

GNP - Real Gross National Product?RPM - Revenue Passenger Miles?b₀ - Regression Coefficient b?Y - Yield of Aircraft?c - Regression Coefficient?d - Regression Coefficient d?

Real Gross National Product Example

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Here is how the Real Gross National Product equation looks like with Values.

Here is how the Real Gross National Product equation looks like with Units.

Here is how the Real Gross National Product equation looks like.

438.0952 = \frac{36100.01 - 0.01 - (45010 \cdot 0.8)}{0.21}

438.0952 = \frac{36100.01 - 0.01 - (45010 \cdot 0.8)}{0.21}

438.0952 = \frac{36100.01 - 0.01 - (45010 \cdot 0.8)}{0.21}

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Real Gross National Product Solution

Follow our step by step solution on how to calculate Real Gross National Product?

FIRST Step Consider the formula

GNP = \frac{RPM - b 0 - (Y \cdot c)}{d}

Next Step Substitute values of Variables

∴

GNP = \frac{36100.01 - 0.01 - (45010 \cdot 0.8)}{0.21}

Next Step Prepare to Evaluate

∴

GNP = \frac{36100.01 - 0.01 - (45010 \cdot 0.8)}{0.21}

Next Step Evaluate

∴

GNP = 438.095238095238

LAST Step Rounding Answer

∴

GNP = 438.0952

Real Gross National Product Formula Elements

Variables

Real Gross National Product

Real Gross National Product is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location.

Symbol: GNP

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Real Gross National Product

Revenue Passenger Miles

Revenue Passenger Miles is a transportation industry metric that shows the number of miles traveled by paying passengers and is typically an airline traffic statistic.

Symbol: RPM

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Revenue Passenger Miles

Regression Coefficient b

Regression Coefficient b of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.

Symbol: b₀

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Regression Coefficient b

Yield of Aircraft

Yield of Aircraft expressed as revenue per passenger mile per kilometer.

Symbol: Y

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Yield of Aircraft

Regression Coefficient

Regression Coefficient of model formulation are estimates of the unknown parameters and describe the relationship between a predictor variable and the response.

Symbol: c

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Regression Coefficient

Regression Coefficient d

Regression Coefficient d of model formulation is an estimate of the unknown parameters and describes the relationship between a predictor variable and the response.

Symbol: d

Measurement: NAUnit: Unitless

Note: Value can be positive or negative.

Formulas to find Regression Coefficient d

Other formulas in Integrated Demand Forecast Framework category

Go Regression Model Formulation for Yield

Y = a 0 + (JF \cdot a 1) + (W \cdot a 2) + (ATM \cdot a 3)

Go Jet Fuel Price given Yield

JF = \frac{Y - a 0 - (W \cdot a 2) - (ATM \cdot a 3)}{a 1}

Go Airline Industry Wages

W = \frac{Y - a 0 - (JF \cdot a 1) - (ATM \cdot a 3)}{a 2}

Go Air Transport Movement per Aircraft

ATM = \frac{Y - a 0 - (JF \cdot a 1) - (W \cdot a 2)}{a 3}

How to Evaluate Real Gross National Product?

Real Gross National Product evaluator uses Real Gross National Product = (Revenue Passenger Miles-Regression Coefficient b-(Yield of Aircraft*Regression Coefficient))/Regression Coefficient d to evaluate the Real Gross National Product, The Real Gross National Product is the total value of all finished goods and services produced by a country's citizens in a given financial year, irrespective of their location. Real Gross National Product is denoted by GNP symbol.

How to evaluate Real Gross National Product using this online evaluator? To use this online evaluator for Real Gross National Product, enter Revenue Passenger Miles (RPM), Regression Coefficient b (b₀), Yield of Aircraft (Y), Regression Coefficient (c) & Regression Coefficient d (d) and hit the calculate button.

FAQs on Real Gross National Product

What is the formula to find Real Gross National Product?

The formula of Real Gross National Product is expressed as Real Gross National Product = (Revenue Passenger Miles-Regression Coefficient b-(Yield of Aircraft*Regression Coefficient))/Regression Coefficient d. Here is an example- 438.0952 = (36100.01-0.01-(45010*0.8))/0.21.

How to calculate Real Gross National Product?

With Revenue Passenger Miles (RPM), Regression Coefficient b (b₀), Yield of Aircraft (Y), Regression Coefficient (c) & Regression Coefficient d (d) we can find Real Gross National Product using the formula - Real Gross National Product = (Revenue Passenger Miles-Regression Coefficient b-(Yield of Aircraft*Regression Coefficient))/Regression Coefficient d.

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Real Gross National Product Formula

Real Gross National Product Example

Real Gross National Product Solution

Real Gross National Product Formula Elements

Other formulas in Integrated Demand Forecast Framework category

How to Evaluate Real Gross National Product?

FAQs on Real Gross National Product

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