The difference between gross domestic product (GDP) and gross national product (GNP) is that GDP:
A) measures the economic activity that occurs within a country while GNP measures the economic activity of all the people and businesses of a country.
B) measures the economic activity of all the people and businesses of a country, while GNP measures the economic activity that occurs within a country.
C) excludes exports and imports while GNP does not.
D) includes exports and imports while GNP does not.
Correct Answer:
Verified
Q74: If depreciation is zero, then net domestic
Q75: Net domestic product:
A)is a better measure of
Q76: Transfers of assets, such as stock sales
Q77: For the purposes of calculating GDP using
Q78: Refer to the table shown.
Q80: Refer to the table shown.
Q81: The income approach to measuring GDP:
A)focuses on
Q82: Aggregate income is the sum of:
A)employee compensation
Q83: Payment by firms to landlords for commercial
Q84: If U.S. GNP exceeds GDP by approximately
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