Which of the Following Statements Is Correct Concerning GDP and GNP

question 93

Multiple Choice

Which of the following statements is correct concerning GDP and GNP?

• A)GDP measures output within the nation's borders only.
• B)GNP measures output within the nation's borders only.
• C)GDP measures output produced by a nation's factors even if they are outside the nation's borders.
• D)GNP measures output outside a nation's borders,but not inside it.

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Definitions:

Internal Factor

Any factor within an organization that can affect its operations, performance, and strategy, such as culture, employees, or internal processes.

Projected Job Market

An estimation of the future availability of employment opportunities in various sectors.

Location Preferences

Individual or organizational priorities regarding geographical location when making decisions about living, working, or situating businesses.

Buyer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs.