What is the importance of GNP Measurement?

  1. It shows economic performance though in a too broad /aggregated manner.
  2. We measure per capital income level from it i.e. GNP / POP & get average income for the POP.
  3. It allows us to make comparisons between different countries.
  4. From GNP, we know the growth trend and therefore the economic managers know what to do to achieve the desired goals.
  5. we can detect the amount of foreign and needed for supplement.
  6. We base our planning on the available income as well as on the direction of GNP growth.
  7. It is from the GNP figures that we can convince foreign donors that we are managing our economies well.
  8. Economic performance, as indicated by GNP is an important tool for attracting local as well as foreign investors.

 

What is the importance of GNP Measurement? by

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