Nations such as Egypt and Turkey may have wide differences between GNP and GDP because both the countries
A)have a high level of imports and exports relative to GNP.
B)have a large portion of their GNP produced by multinational corporations.
C)have a large number of citizens working abroad.
D)purchase large amounts of military wares from other countries.

Question

Quizplus · Accepted Answer

The difference between GNP (Gross National Product) and GDP (Gross Domestic Product) in countries like Egypt and Turkey is significantly influenced by the earnings of their citizens working abroad. GNP includes the total value of all goods and services produced by a country's residents, regardless of where they are located, while GDP measures the value of all goods and services produced within a country's borders. Therefore, a large number of citizens working abroad can lead to a higher GNP compared to GDP, as their incomes contribute to the nation's GNP but not its GDP.

Nations Such as Egypt and Turkey May Have Wide Differences