Which of the following is included in both the U.S.GDP and U.S.GNP?
A)the value of all cars produced by General Motors in the United States
B)the value of all cars produced by Ford in Mexico
C)the value of all cars produced by Toyota in the United States
D)the value of all cars produced by Nissan in Japan and the United States

Question

Quizplus · Accepted Answer

The value of all cars produced by General Motors in the United States is included in both the U.S. GDP (Gross Domestic Product) and GNP (Gross National Product). GDP includes all goods and services produced within a country's borders, while GNP includes all goods and services produced by the citizens of a country, regardless of where they are produced. Since General Motors is a U.S. company, the cars it produces in the United States count towards both U.S. GDP and GNP.

Which of the Following Is Included in Both the U