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| Q. |
Which one of the following is not a method for computing GNP? |
| A. | Income Approach |
| B. | Expenditure Approach |
| C. | Savings Approach |
| D. | Value Added Approach |
| Answer» A. Income Approach | |
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Explanation: Gross National Product (GNP) can be defined as an economic statistic which includes Gross Domestic Product, plus any income earned by the residents from investments made overseas. Net factor income from abroad = income earned in foreign countries by the residents of a country - income earned by nonresidents in that country. |
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