Which of the Following Statements About GNP Is Correct

question 12

Multiple Choice

Which of the following statements about GNP is correct?

• A) It measures the market value of all goods and services, both final and intermediate, produced by resources located within a nation regardless of who owns those resources.
• B) It measures the market value of all goods and services, both final and intermediate, produced by residents and firms regardless of the location of production.
• C) It measures the market value of all final goods and services produced by residents and firms of a nation regardless of the location of production.
• D) It measures the market value of all final goods and services produced by resources located within a nation regardless of who owns those resources.

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Definitions:

Autocratic Tone

A communication style characterized by authoritative, dictatorial, and controlling language.

Instructions

Detailed information telling how something should be done, operated, or assembled.

Contract

A legally binding agreement between two or more parties that outlines terms and conditions, rights, and duties related to a specific transaction or arrangement.

Projectors

Electronic devices that display images, videos, or computer data on a larger screen or surface, widely used in presentations and educational settings.