The table given below reports the value of different economic variables of a country during a year. Table 5.4
Refer to Table 5.4.Compute the GNP of the country.
A)$2, 680
B)$2, 480
C)$3, 280
D)$3, 880
E)$4, 480

Question

The table given below reports the value of different economic variables of a country during a year. Table 5.4
 Refer to Table 5.4.Compute the GNP of the country.
A)$2, 680 
B)$2, 480 
C)$3, 280 
D)$3, 880 
E)$4, 480

Quizplus · Accepted Answer

GNP (Gross National Product) is the total value of goods and services produced in a country, including the production by its citizens and businesses both domestically and overseas. GNP can be calculated as follows:
GNP = GDP + Net Factor Income from Abroad
GNP = 2,800 + (-520) [from the table]
GNP = 3,280
Therefore, the GNP of the country is $3,280. The answer is option C.

The Table Given Below Reports the Value of Different Economic