The value of all goods and services produced by a country's domestic and international activities over a one-year period is the country's ________.
A) gross domestic product (GDP)
B) gross world product (GWP)
C) gross national product (GNP)
D) gross state product (GSP)

Question

Quizplus · Accepted Answer

Gross National Product (GNP) measures the value of all goods and services produced by a country's residents and businesses, including its international activities, over a one-year period. It differs from GDP, which only accounts for domestic activities.

The Value of All Goods and Services Produced by a Country's