When economists measure gross national product,what is being measured within a specific time period,regardless of location?
A) The aggregate output
B) The economic growth of the nation
C) The growth of domestic factors of production
D) The growth rate adjusted for inflation
E) The total value of all goods and services

Question

Quizplus · Accepted Answer

Gross national product measures the total value of all goods and services produced by a country's residents and businesses within a specific time period, regardless of location. It is a measure of a country's economic activity and includes both domestic and foreign production.

When Economists Measure Gross National Product,what Is Being Measured Within