GNP means
A) the value of all final goods and services produced in an economy during a specific period of time.
B) the value of output produced by foreigners in Canada.
C) the value of output produced by domestic factors of production, whether or not the production takes place inside Canadian borders.
D) the value of services exported by Canada.
E) the same output as GDP does.

Question

Quizplus · Accepted Answer

GNP (Gross National Product) measures the value of output produced by a country's residents, regardless of where the production takes place, including income from abroad.

GNP Means