The Main Difference Between GDP and GNP Is That GNP

question 35

Multiple Choice

The main difference between GDP and GNP is that GNP excludes:

• A)​net income of foreigners.
• B)​consumption of fixed capital.
• C)​transfer payments.
• D)​government purchases.

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Definitions:

Confession Of Judgment

A legal agreement in which a debtor consents to a judgment against them, allowing the creditor to obtain a judgment without undergoing the standard court process.

Sale Of Office Computer

The process of selling a computer that is considered as an asset or property of an office or business.

Dissolution Of The Partnership

The process of legally terminating the existence of a partnership business.

Actual Authority

The express power granted by a principal to an agent to act on their behalf.