Gross national product (GNP)is used more frequently than gross domestic product (GDP)as a measure of a country's economic health.

Question

Quizplus · Accepted Answer

This statement is false. GDP is used more frequently than GNP as a measure of a country's economic health because it measures the total value of all goods and services produced within a country's borders, regardless of the nationality of the producers, whereas GNP measures the total value of goods and services produced by a country's residents both within and outside of the country's borders.

Gross National Product (GNP)is Used More Frequently Than Gross Domestic