Which of the following is counted in the GNP of the United States?
A) the wage of a foreign citizen who works in the United States for a U.S. firm
B) the interest earned by a Brazilian bank on loans to a business firm located in the United States
C) the profit earned by a restaurant located in the United States but owned by a Guatemalan company
D) the value of services that are produced by state and local governments in the United States

Question

Quizplus · Accepted Answer

GNP (Gross National Product) measures the value of goods and services produced by a country's residents, regardless of where they are located. The value of services produced by state and local governments in the U.S. is included in the U.S. GNP because it is produced by U.S. residents.

Which of the Following Is Counted in the GNP of the United