Gross national product (GNP) is gross domestic product (GDP):

Question

Quizplus · Accepted Answer

GNP is GDP plus income receipts from the rest of the world (such as profits earned by domestic companies abroad) minus income payments to the rest of the world (such as payments made by domestic companies to foreign investors or foreign governments). Therefore, the correct formula for GNP is GDP + income receipts from the rest of the world - income payments to the rest of the world, which is equivalent to choice C.

Gross National Product (GNP) Is Gross Domestic Product (GDP)