The Value of GDP Differs from the Value of GNP

question 89

Multiple Choice

The value of GDP differs from the value of GNP because:

• A) net exports are excluded from GDP but included in GNP.
• B) production in a country usually employs factors of production owned by residents of other countries.
• C) production in a country employs only factors of production owned by its residents.
• D) government purchases are excluded from GDP but included in GNP.

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Definitions:

Appropriate Emotional Expression

The ability to express one's emotions in a manner that is considered socially acceptable and appropriate to the context.

United States

A country located in North America, known for being a federal republic composed of 50 states.

Deep-Level Diversity

Refers to differences among group members' attitudes, values, beliefs, and personality, as opposed to surface-level traits such as race and gender.

Food Company

An enterprise that produces, processes, or distributes food products for consumer consumption, ranging from agricultural production to packaged goods.