GNP includes output produced _____, but it does NOT include output produced _____.
A) outside the United States by U.S. citizens; inside the United States by foreign citizens
B) outside the United States by U.S. citizens; inside the United States by U.S. citizens
C) inside the United States by foreign citizens; outside the United States by U.S. citizens
D) The GNP only includes output (goods and services) produced by U.S. citizens within the United States.

Question

Quizplus · Accepted Answer

GNP (Gross National Product) includes the total value of all goods and services produced by the nationals of a country (in this case, U.S. citizens) regardless of where they are produced. This means it includes output produced outside the United States by U.S. citizens but does not include output produced inside the United States by foreign citizens.

GNP Includes Output Produced _____, but It Does NOT Include