The GDP of Country X in a particular year was $820,000.The value added by U.S.workers in the production of various goods and services in Country X during that year was worth $150,000.The value added by the workers of Country X in the production of various goods and services in other countries during that year was worth $130,000.What was the GNP of Country X during that year?
A) $135,000
B) $800,000
C) $1,140,000
D) $8,235,000

Question

Quizplus · Accepted Answer

The GNP (Gross National Product) of Country X is calculated by taking its GDP ($820,000), adding the value added by its workers in other countries ($130,000), and subtracting the value added by foreign workers in Country X ($150,000). This results in a GNP of $800,000.

The GDP of Country X in a Particular Year Was