Which of the following is true about GNP?
A)includes profits earned by a Mercedes factory in Alabama
B)excludes profits earned by General Electric in India
C)measures the market value of all goods and services produced by resources supplied the home country's residents and firms, regardless of the location of the resource
D)stands for Generally Nice Products
E)used by countries to classify the World Bank

Question

Quizplus · Accepted Answer

GNP (Gross National Product) measures the market value of all goods and services produced by resources supplied by the home country's residents and firms, regardless of the location of the resource.

Which of the Following Is True About GNP