The market value of all currently produced final goods and services within a county in a given period of time by domestic and foreign supplied resources is called:
A)GNP.
B)GDP.
C)NNP.
D)none of the above.

Question

Quizplus · Accepted Answer

The market value of all currently produced final goods and services within a country in a given period of time is called Gross Domestic Product (GDP). It includes both domestic and foreign supplied resources within the country's borders. GNP (Gross National Product) includes the production of domestic residents and businesses regardless of their location, while NNP (Net National Product) is the GDP minus depreciation.

The Market Value of All Currently Produced Final Goods and Services