Question

Which of the following explains the difference between GNP and GDP?
Select one:
a. While GNP includes the value of all products produced by all companies within a single nation GDP includes the value of all products produced by a single nation's businesses worldwide.
b. While GNP includes the value of all products produced by a single nation's businesses worldwide, GDP includes the value of all products produced by all companies within a single nation.
c. GDP and GNP are simply the different acronyms to describe the same thing.
d. GDP stands for Gross Domestic Product.

Answer 1

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Answer 2

GDP is Gross Domestic Product. A region's gross domestic product, or GDP, is one of the ways for measuring the size of its economy.The GDP of a country is defined as the total market value of all final goods and services produced within a country in a given period of time (usually a year). GNP is the Gross National Product. GNP is the value of goods and services produced by a nation/region within a period of time.

Answer 3

can you shortan it my eyes ccant focus on all those words lol sorry

Answer 4

nevermind i got it haha

Answer 5

If a professor asked you to look to report on the Consumer Price Index, what information would she be trying to get you to identify?
Select one:
a. The amount of money that all Americans as a group spent on all products
b. The way in which the amount of money that a family spent on goods and services in one year changed for a different year.
c. The amount of money that store owners charged for specific products
d. All of the above