________ is the market value of production generated by the factors of production possessed or owned by the residents of a particular nation.
A) GDP
B) GNP
C) Net domestic product
D) Total market value

Question

Quizplus · Accepted Answer

The market value of production generated by the factors of production owned by the residents of a particular nation is known as Gross National Product (GNP). It includes the value of goods and services produced by a country's residents, whether they are produced domestically or abroad.

________ Is the Market Value of Production Generated by the Factors