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...Ca narendra bhambwani inter economics icai revision lecture national income q explain the following gross domestic product gdp gnp net nnp refers to money value of all types goods and services produced with country total output it excludes in foreign while calculating only final for example cloth will be taken but raw cotton which was used making not so as avoid double counting other words what ever is included calculated under available xxxx add exported xxxxx less imported there are two methods valuing at market price this method a valued if bags cement commodity includes factors production wages interest rent profits taxes subsidies factor cost we include received by thus paid consumption consumer...