The difference between gross domestic product (GDP) and net income of foreigners is called _____.

Question

Quizplus · Accepted Answer

The difference between GDP (which is the total value of goods and services produced within a country) and net income of foreigners (which is the income earned by foreign individuals and corporations within a country minus the income paid to foreign factors of production within a country) is referred to as Gross National Product (GNP). GNP represents the total value of goods and services produced by a country's residents, regardless of where they are located.

The Difference Between Gross Domestic Product (GDP) and Net Income