Multiple choice

What is Gross National Product?

  1. The total output of goods and services produced by the country's economy

  2. The total domestic and foreign output claimed by residents of the country

  3. The sum of gross domestic products and investments

  4. National income minus national expenditure
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Gross National Product (GNP) measures the total value of all finished goods and services produced by a country's residents, regardless of their location.

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