The principle difference between GDP and GNP is that GNP measures , while GDP measures .
A) the value of total output produced by Canada; wages and salaries received by Canadian residents.
B) total income generated by Canadians, both domestic and abroad; total income generated by Canadians, domestic only.
C) the total amount of income received by Canadian residents; the value of total output produced in Canada.
D) wages and salaries, plus world- wide investment income received by Canadian residents; the value of total output produced in Canada.
E) total factor incomes in the economy; total expenditure in the economy.
Correct Answer:
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