GNP equals GDP ______ income earned domestically by foreigners ______ income that nationals earn abroad.
A) plus; plus
B) minus; minus
C) minus; plus
D) plus; minus

Question

Quizplus · Accepted Answer

GNP (Gross National Product) equals GDP (Gross Domestic Product) minus income earned domestically by foreigners plus income that nationals earn abroad. This is because GNP aims to measure the income generated by a country's residents, regardless of where the production takes place, while GDP measures the total value of all goods and services produced within a country's borders.

GNP Equals GDP ______ Income Earned Domestically by Foreigners ______

GNP Equals GDP Income Earned Domestically by Foreigners