Consider the following statements with respect to the Gross National Product (GNP):
1. It is the Gross Domestic Product (GDP) of a country added with its net income from abroad.
2. Interest in External Loans also forms part of the income from abroad.
3. India’s GNP is mostly higher than its GDP.
Which of the statements given above is/are correct?
1
1 and 2 only
2
1 only
3
3 only
4
2 and 3 only