How Does Gross National Product (GNP)differ from Gross Domestic Product

question 221

Multiple Choice

How does gross national product (GNP) differ from gross domestic product (GDP) in terms of definition?

• A) GNP includes production of all workers who typically reside in the country, even if some of their production occurs in another country.
• B) GNP only includes production by citizens of that country, while GDP includes the production by foreigners in the country.
• C) GNP includes production of all goods produced and consumed within the country and not the production of goods that are exported or imported.
• D) GNP includes production of all goods within a country's borders, while GDP includes production of good produced outside the boarders but owned by residents of the country.

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Definitions:

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