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:

Innate Potential

Innate potential is the inherent ability or capacity for growth, development, or achievement that is present at birth.

Cooperate

Involves working together towards a common goal or purpose.

Birth Order

The chronological order of sibling births in a family, which is thought to influence personality and behavioral traits.

Genetic Makeup

Genetic makeup refers to the set of genes that an organism inherits from its parents, which codes for its physical and some behavioral traits.