GDP Differs from GNP Because

question 59

Multiple Choice

GDP differs from GNP because

• A)GDP = GNP - net factor payments from abroad.
• B)GNP = GDP - net factor payments from abroad.
• C)GDP = GNP - capital consumption allowances.
• D)GNP = GDP - capital consumption allowances.

---

Definitions:

Base Pay

The initial rate of compensation an employee receives, excluding any additional benefits, bonuses, or overtime.

Annual Merit Raise

An increase in salary given yearly based on an employee's performance evaluation.

Performance Appraisal

The systematic evaluation of an employee's performance on the job, typically including both qualitative and quantitative assessments.

Base Pay

The initial salary or wage given to an employee excluding any extra benefits, bonuses, or raises, which serves as the foundation for total compensation.