The Principle Difference Between GDP and GNP Is That GNP

question 73

Multiple Choice

The principle difference between GDP and GNP is that GNP measures , while GDP measures .

• A)the value of total output produced by Canada; wages and salaries received by Canadian residents.
• B)total income generated by Canadians, both domestic and abroad; total income generated by Canadians, domestic only.
• C)the total amount of income received by Canadian residents; the value of total output produced in Canada.
• D)wages and salaries, plus world- wide investment income received by Canadian residents; the value of total output produced in Canada.
• E)total factor incomes in the economy; total expenditure in the economy.

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