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What is the value of GNP
  • a)
    Value of all intermediate goods and services produced by the residents of a nation
  • b)
    Value of all final goods and services produced within the domestic territory
  • c)
    Value of all final goods and services produced by the residents of a nation
  • d)
    none of these
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
What is the value of GNPa)Value of all intermediate goods and services...
GNP =GDP +NFIA(net factor income from abroad) it is total income of a nation
Community Answer
What is the value of GNPa)Value of all intermediate goods and services...
GNP means gross national product. it is clear that it is on national level and a nation's resident should be included only. A another word is GDP it is gross domestic product. It includes every Product that has been made in our country it does not matter that who has made it resident or non resident.
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What is the value of GNPa)Value of all intermediate goods and services produced by the residents of a nationb)Value of all final goods and services produced within the domestic territoryc)Value of all final goods and services produced by the residents of a nationd)none of theseCorrect answer is option 'C'. Can you explain this answer?
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