Why is gross national product (GNP)considered to be a less valuable indicator of domestic economic performance than gross domestic product (GDP)?
A) GNP does not consider where the economic performance was located.
B) GNP only considers economic performance within the United States.
C) GNP is not adjusted for inflation.
D) GNP does not consider currency fluctuations at the time of product purchase.
E) GNP does not compare output to population rates.

Question

Quizplus · Accepted Answer

GNP considers the economic performance of a country's citizens and businesses regardless of where they are located, while GDP focuses solely on economic performance within a country's borders. This makes GDP a more accurate indicator of a nation's domestic economic performance.

Why Is Gross National Product (GNP)considered to Be a Less