Spending on goods imported into the United States would be included in U.S.GNP,but not in U.S.GDP.

Question

Quizplus · Accepted Answer

GDP only measures the value of goods and services produced within the borders of a country, while GNP measures the value of goods and services produced by a country's citizens, regardless of where they are produced. Spending on imported goods would not be included in GDP, but would be included in GNP as it reflects the spending of U.S. citizens on goods produced elsewhere.

Spending on Goods Imported into the United States Would Be