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:

Managerial Innovations

The implementation of new administrative processes, strategies, or products designed to improve the efficiency and productivity of management.

Extrinsic Rewards

Benefits given by employers to motivate employees that are external to the job itself, such as pay raises, bonuses, and perks.

Autonomy

The extent to which individuals have the freedom to make their own decisions and control their own work environment.

Creative Behaviour

Actions that result in new or innovative ideas, solutions, or outcomes.