McqMate
Q. |
Gross National Product is the money measure of - |
A. | all tangible goods produced in a country |
B. | final goods and services produced in the economy |
C. | services generated annually in the economy |
D. | all tangible goods available in the economy |
Answer» B. final goods and services produced in the economy | |
Explanation: Gross national product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the residents of a country. It is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. |
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