How Does U

question 21

Multiple Choice

How does U.S.gross domestic product (GDP) differ from U.S.gross national product (GNP) ?

• A)GNP = GDP - losses from depreciation
• B)GNP = GDP + income earned by U.S.citizens abroad - income that foreign citizens earned in the U.S.
• C)GNP = GDP + transfer payments to households + - indirect sales taxes
• D)GNP = GDP - depreciation - retained earnings

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Definitions:

Consumer Spending

Consumer spending is the total amount of money spent by households and individuals on goods and services, reflecting the economic activity and health of a nation or region.

Proprietary Databases

Exclusive databases owned by an organization that contain information not available to the public or competitors, often used for competitive advantage.

Geographic Information

Information that is related to a specific location on the Earth's surface, often used in mapping and spatial analysis.

Demographic Information

Data related to the statistical characteristics of populations, such as age, race, gender, income, etc., often used in marketing and planning.