Economists use gross national product (gnp) to measure

Asked by maham237 @ in Business viewed by 395 People

economic output within a nation, regardless of ownership.
the output of foreign-owned businesses within a nation.
the output of a nation’s citizens, regardless of where they are.
any business activity taking place outside a country

Answered by maham237 @


Economists use the gross national product (GNP) to measure the output of a nation’s citizens, regardless of where they are.


Further explanation

Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.


Gross national product calculates by adding these factors below:

Consumption + Government Expenditures + Investments + Exports + Foreign Production


Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.


Learn more

Gross National product brainly.com/question/1086262

GNP and GDP brainly.com/question/1228512

GNP vs GDP brainly.com/question/853464


Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade


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