The gross national product (GNP) of the U.S. measures:
A) the market value of final goods and services sold in the U.S. during a particular period.
B) the market value of final goods and services produced using factors of production owned by U.S. residents during a particular period.
C) the market value of goods and services produced anywhere in the world, by U.S. citizens and foreigners residing in the U.S. during a particular period.
D) the market value of goods and services produced in the U.S. by foreigners residing in the U.S. during a particular period.

Question

Quizplus · Accepted Answer

The gross national product (GNP) measures the market value of final goods and services produced using factors of production owned by U.S. residents during a particular period. This includes the economic contribution of U.S. residents and entities that operate abroad, but excludes the economic contribution of foreign residents and entities operating within the U.S.

The Gross National Product (GNP) of the U