When Would an Economist Focus on GNP Rather Than GDP

question 52

Multiple Choice

When would an economist focus on GNP rather than GDP?

• A)When the economist wants more accurate measure of production, since GNP data are typically much more precise than GDP data.
• B)When the economist wants to study consumption, since consumption expenditures are weighted more heavily in GNP than in GDP.
• C)When the economist wants to measure total income earned by residents of a country.
• D)When the economist wants a measure that includes depreciation, because GDP omits depreciation in its calculations.

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