The market value of all final goods and services produced by a country's residents in a year,whether at home or abroad,is called:
A) GDP.
B) GNP.
C) GDI.
D) FDI.

Question

Quizplus · Accepted Answer

GNP (Gross National Product) includes the market value of all goods and services produced by the residents of a country, regardless of where the production takes place, which differentiates it from GDP (Gross Domestic Product) that measures the output within a country's borders.

The Market Value of All Final Goods and Services Produced