ABSTRACT
The economy of a country is the result of the interrelationship between its physical and human resources. These aspects of the economy which relate directly to economic geography, such as agriculture, trade, industries and transport, have already been dealt with. For understanding and analysing what takes place in the economy it is necessary to know the concept of national product accounting as used in Bangladesh. The term Gross National Product (GNP) is almost a household word but some definitions are necessary before proceeding further. This chapter consideres the framework within which the entire economy operates. The gross output of an economy is the total flow of goods and services which are produced. Both Gross Domestic Product GDP and GNP include an estimated amount for depreciation of capital goods 'consumed' in the process of production. If this amount for depreciation is deducted in each case we arrive at the Net Domestic Product and the Net National Product.
