Show all calculations and formula Gross Domestic Product GDP

Gross Domestic Product (GDP) of UAE is AED 40,000. GDP (Gross Domestic Product) is the wealth regardless who owns the wealth. GNP is the wealth produced by citizens produced in the country, of the country, regardless where the wealth is produced. Mohamed, a UAE earns 30,000. Jacques, a French citizen, works in Dubai and earns 40,000 Fatima a UAE citizen, owns a condominium in Berlin which she rents to a German family for 20,000. Angela, a citizen, owns a warehouse in Sharjah which she rents to a U.S. firm for 70,000. Find the e s3 ooo and the Ufe of the bridee is only three vears. The bridge offers GNP of UAE?

Solution

GNP includes all the income earned by country\'s residents irrespective of national borders. So income earned by UAE citizen in UAE or abroad is included in GNP, and income earned by foreign citizens in UAE is excluded.

GNP= GDP + income earned abroad by UAE citizen - income earned within UAE by foreign citizen.

GNP= 40000 + 30000 + 20000 - 40000 - 70000

GNP = -20000