Which of the Following Statements About Gross National Product Is

question 1

Multiple Choice

Which of the following statements about gross national product is correct? It measures the market value of

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

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Definitions:

Stock Certificates

Physical documents that represent ownership in a company, indicating the number of shares held.

Ownership

The legal right or title to possess and use property, either tangible or intangible, with the freedom to control, enjoy, and dispose of it.

Articles Of Incorporation

A document that contains basic information about a corporation and is filed with the state.

Stock Subscriptions

Agreements to purchase shares in a company, often before they are available to the public.