Question

GNP (Gross National Product) is the money value of

• A. Tangible goods available in the economy
• B. Annual service generation in the economy.
• C. Final goods and services produced annually within the economy
• D. Tangible goods produced annually in the economy

Answer 1

The Correct Option is C

GNP represents the market value of all final goods and services produced by a nation's residents, including income earned by citizens from investments made overseas, minus the income earned by foreign residents within the country. This makes GNP a broader measure than Gross Domestic Product (GDP), which only accounts for production within a country's borders.

The correct option is (C): Final goods and services produced annually within the economy