The _______ is the gross national product minus the _______

Asked by admin @ in Business viewed by 261 People

Gross national product is​ ______.

A. the sum of​ wages, interest,​ rent, and profit
B. the income received by households minus personal income taxes paid
C. the market value of all the final goods and services produced anywhere in the world in a given time period by the factors of production supplied by the residents of that country
D. the market value of all the final goods and services produced within a country in a given time period

Answered by admin @


Answer:

C. the market value of all the final goods and services produced anywhere in the world in a given time period by the factors of production supplied by the residents of that country

Explanation:

Gross National Product is an alternative way of measuring a country's wealth. In the calculation of the GNP, all goods and services produced by citizens of a country, resident internally or abroad, are considered. For example, US GNP takes into account all domestic production produced by Americans domestically plus the output of US companies abroad. In this calculation, foreign production in the national territory is not considered. For example, a Japanese company producing in the US is not accounted for in the GNP calculation, but the production of an American company in Japanese territory is considered in the calculation.


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