Which of the following refers to income that combines the value of final goods and services produced in a country in a given year and income earned abroad minus income earned by foreigners in the country?
A) Gross Domestic Product
B) Growth Rate
C) Gross National Product
D) Gross National Income

Question

Quizplus · Accepted Answer

Gross National Product (GNP) includes the total value of all final goods and services produced within a country (like GDP) plus the net income from abroad (income earned by a country's residents from overseas investments minus income earned within the country by non-residents).

Which of the Following Refers to Income That Combines the Value